European shares back higher on data, chart support

LONDON Fri Nov 9, 2012 4:26pm GMT

LONDON Nov 9 (Reuters) - European stocks returned to positive territory in late trade on Friday as a rebound begun after stronger than expected U.S. data gathered momentum, helped by the passing of several key indexes through technical resistance.

The euro zone blue-chip Euro STOXX 50 index was up 0.3 percent higher at 2,486.39 points, extending gains after breaking above a late October low in 2,467 area. The FTSE 100 also broke back above its 200-day moving average.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.