European shares sharply higher, commodities stocks lead

FTSEurofirst 300 was up 1.9%; indices gain on ECB head Draghi's comments on review of monetary policy in March

European equities rose sharply on Friday, adding to gains made in the previous session on European Central Bank stimulus hints, with bouncing commodities prices boosting energy and mining stocks.

By 0810 GMT, the pan-European FTSEurofirst 300 was up 1.9% at 1,318.99 points.

The index gained 2.1% on Thursday after ECB head Mario Draghi said financial markets turmoil and concerns over China will prompt a March review of the bank's monetary policy.

Oil stocks and miners were the top sectoral gainers with a rise of 4.1% and 3.2% respectively.

Philips fell 0.9% after a $3.3 billion deal to sell its components business to a consortium of Asian buyers broke down over US national security objections.