European shares gain for 2nd session on U.S. data

LONDON, Sept 6 (BestGrowthStock) – European equities extended the
previous session’s gains on Monday, supported by banks, with
encouraging U.S. jobs data on Friday easing concerns about the
world’s largest economy facing a double-dip recession.

At 0704 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was up 0.5 percent at 1,068.47 points after
closing 0.8 percent higher on Friday and registering its best
weekly performance since early July.

“After a string of disappointing numbers, the data last week
provided an element of stability and helped increase risk
appetite,” said Henk Potts, equity strategist at Barclays
Wealth.

“When you couple that with the outlook for corporates, it
looks pretty good.”

Financial stocks were among the top gainers, with the STOXX
Europe 600 banking index (.SX7P: ) rising 0.5 percent. Barclays
(BARC.L: ), BNP Paribas (BNPP.PA: ), Societe Generale (SOGN.PA: ) and
Natixis (CNAT.PA: ) rising 0.7 to 3.2 percent.

(Reporting by Atul Prakash)

European shares gain for 2nd session on U.S. data