European shares rise in early trade; oils gain

LONDON, April 6 (BestGrowthStock) – European shares rose in early
trade on Tuesday, hitting a new 18-month high, tracking gains in
the United States, where sentiment was boosted by a stronger
labour market.
At 0704 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was up 0.4 percent at 1,098.83 points, after
rising 1.4 percent in the previous session to its highest close
since September 2008.

The European benchmark is up more than 70 percent from its
lifetime low of March 9, 2009.

Energy companies gained, as crude futures (CLc1: ) topped $86
a barrel, the highest in 18 months. Royal Dutch Shell (RDSa.AS: ),
Repsol (REP.MC: ) and StatoilHydro (STL.OL: ) rose between 1 and 3.1
percent.

“The payrolls data was outstanding but the Fed is going to
start thinking about the point at which it exits its easy
monetary stance,” said Jeremy Batstone-Carr, strategist at
Charles Stanley.

“The sweet spot conditions are ending. It’s going to be
tougher form here.”

Stock Market Basics

(Reporting by Brian Gorman)

European shares rise in early trade; oils gain