European shares rise

March 20 2013 at 04:10pm
By Reuters

http://www.sxc.hu/

London - European shares extended gains on Wednesday, with traders citing Greek media reports that Cyprus had reached a deal with Russia on the sale of Cyprus Popular Bank to Russian investors as the reason for the rise.

The pan-European FTSEurofirst 300 index rose as much as 0.6 percent to a new intraday high of 1,201.91 points, before edging back to trade up 0.5 percent at 1,201.42 points by 14:17 SA time.

European bank stocks were among the main risers, with the STOXX Europe 600 Banking Index up 1.3 percent. - Reuters

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