European shares rally; ArcelorMittal bounces

PARIS Wed Feb 6, 2013 4:06am EST

PARIS Feb 6 (Reuters) - European stocks reversed an early dip and rose on Wednesday morning, extending the previous session's recovery, with ArcelorMittal's outlook reassuring investors.

Shares in the world's largest steelmaker surged 2.7 percent, bouncing back from a recent 10 percent fall, after the company forecast improved demand and earnings in 2013.

At 0900 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,160.07 points.

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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.