PARIS (Reuters) – European shares rose in early trade on Friday, gaining ground for the seventh straight session at a time when investors applauded the decision of the European Central Bank to buy sovereign bonds.
At 0806 GMT, the pan-European FTSEurofirst 300 index rose 0.8 percent to 1464.69 points, up to seven years.
cyclical values as automakers starred progress, with increases of 2.7 percent for BMW and 3.8 percent for PSA Peugeot Citroen.
Renault Nissan rose 2.5 percent. Chief Executive Carlos Ghosn, updated its forecast for growth for European car market after the ECB announced its quantitative easing program.
Ghosn told participants at the World Economic Forum in Davos it now expects the Europe an car market to grow at least 2 percent in 2015, down from 1.2 percent previously.
(Reporting by Blaise Robinson editing by Madrid;. Edited by Carlos Mesa Aliaga via Santiago)
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