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European shares rise as banks commods gain
Filed under NewsFeb 27LONDON – European shares rose on Friday at midday, with banking stocks taking the lead and commodity shares tracking higher crude and metal prices.
By 1139 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.4 percent at 1,001.14 points. The index, which gained nearly 26 percent in 2009, is down around 4 percent this year.
“Today is the day the markets have decided to have a rebound. Generally, corporate results have been good and have surprised on the upside in both the top line and the bottom line,” said Mike Lenhoff, chief strategist at Brewin Dolphin.
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