European shares edge higher; miners advance

LONDON, Nov 25 (BestGrowthStock) – European shares extended the
previous session’s gains on Thursday as a strong finish on Wall
Street and firmer Asian equities following encouraging U.S.
economic numbers increased the risk appetite of investors.

At 0813 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was up 0.2 percent at 1,090.03 points after
rising 1 percent in the previous session.

Koen De Leus, strategist at KBC Securities, said the market
was getting some support from Wednesday’s good data on consumer
spending, jobless claims and consumer confidence, which came in
much higher than expected, but uncertainties persisted.

“Markets are in a rollercoaster. Despair on the ride down
due to the day-by-day increasing debt contagion in Europe is
occasionally relieved by better-than-expected macro data from
Europe and the U.S. It’s a delicate balance.”

Miners featured among the top gainers on hopes that an
economic recovery will increase demand for raw materials. The
STOXX Europe 600 Basic Resources index (.SXPP: ) rose 0.9 percent,
while Xstrata (XTA.L: ) was up 0.6 percent.
(Reporting by Atul Prakash; editing by Simon Jessop)

European shares edge higher; miners advance