European shares end above 1,000 mark; banks gain

LONDON, May 27 (BestGrowthStock) – European shares closed above the
1,000 mark on Thursday for the first time in just over a week as
investor confidence was lifted after China denied a report it
would review its euro zone bond holdings.

Banks, which have been heavily hit by concerns about
Europe’s debt crisis, extended gains from the previous session
to feature among the top risers. HSBC (HSBA.L: ), Barclays
(BARC.L: ) and UniCredit (CRDI.MC: ) rose 2.9 to 6.7 percent.

The pan-European FTSEurofirst 300 (.FTEU3: ) index of top
shares provisionally closed up 2.9 percent at 1,000.22 points
its highest close in over a week, but is down 10.1 percent since
mid-April when fears over the euro zone debt crisis escalated.

“The European markets have been given a lift across the
board. It seems to on the back of China’s confidence in Europe
and denial of the rumour,” said David Jones, chief market
strategist at IG Index.

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(Reporting by Joanne Frearson)

European shares end above 1,000 mark; banks gain