listing there is some speculation people are underweight so you'll have a certain amount of buying." Strategists also saw long term strength in valuations for European equities in general. "The only market where there is not speculative froth is in equity markets, especially European. There's a bubble in bonds, a bubble in real estate, and a bubble in private debt," said Jean Luc Buchalet, a strategist at FactSet in Paris. He noted the average dividend yield on the eurozone's 50 biggest shares, at around 3.5 percent, was higher than the yield on government bonds. "I have never seen such a thing in over 100 years (of data)," he added. By 1045 GMT, the FTSEurofirst 300 index of European blue chips was 0.2 percent higher at 1,152.03. ITV rose as much as 8 percent after the UK's Mail on Sunday newspaper said U.S. media firm Time Warner Inc and U.S. investment bank Goldman Sachs teamed up with buyout firm Apax to consider bidding 165 pence per share for the group. --More 1804 Local Time 1504 GMT
