European equities hit 2-week high; tech shares up

LONDON, March 25 (Reuters) – European shares hit a two-week
high on Friday as investors turned their attention to
macroeconomic factors and company earnings and hoped the
rebuilding of Japan will boost demand for raw materials.

At 0810 GMT, the FTSEurofirst 300 (.FTEU3: Quote, Profile, Research) index of top
European shares was up 0.2 percent at 1,125.47 points after
touching 1,127.06, the highest since March 11. The index rose 1
percent in the previous session.

“We have got the European issue this weekend and clearly the
events in the Middle East are still a tail risk for the markets
to deal with,” said Ian Richards, European equity strategist at
RBS.

“The underlying picture is very supportive of equities. The
global economy is in a pretty good shape and we have valuations
which are reasonable to low in the equity market. We are bullish
on markets and think that we will make progress from here.”

Technology shares were among the top gainers, with the
sector index (.SX8P: Quote, Profile, Research) rising 0.9 percent.
(Reporting by Atul Prakash)

European equities hit 2-week high; tech shares up