Europe shares seen up on $1 trillion rescue fund

LONDON, May 10 (BestGrowthStock) – European shares were set to
rebound from sharp falls the previous session, after global
policymakers unveiled an emergency package of around $1 trillion
to prevent Greece’s debt crisis from spreading to the euro zone.

Britain’s FTSE 100 (.FTSE: ) was seen opening as much as 77
points, or 1.5 percent higher; Germany’s DAX (.GDAXI: ) was
expected to open 101 points higher, or 1.8 percent and France’s
CAC 40 (.FCHI: ) was seen up 95 points or 2.8 percent, according
to financial bookmakers.

European shares ended at a 7-month closing low on Friday,
suffering their biggest weekly fall since November 2008. The
pan-European FTSEurofirst 300 (.FTEU3: ) index of top shares
closed down 3.9 percent at 967.42 points.

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(Reporting by Harpreet Bhal)

Europe shares seen up on $1 trillion rescue fund