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European shares extend gains

International

European shares extended gains on Thursday afternoon, with banks surging after European Union leaders struck a deal to help resolve the euro zone debt crisis.

At 15:21 SA time, the FTSEurofirst 300 index of top European shares was up 3.9 percent at 1,022.33 points, and had gone as high as 1,024.05, the highest in 12 weeks.

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The STOXX Europe 600 Banking Index rose 9.7 percent. - Reuters

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