REFILE-European shares rise boosted by miners, banks

(Corrects spelling of ‘likelihood’ in paragraph three)

LONDON, March 29 (BestGrowthStock) – European shares rose on Monday,
boosted by mining stocks, which got support from stronger metal
prices, and the banking sector.

By 0708 GMT, the pan-European FTSEurofirst 300 (.FTEU3: )
index of top shares was up 0.4 percent at 1,081.87 points. The
index which gained nearly 26 percent in 2009 is up 3.4 percent
so far this quarter.
“I think the likelihood of markets falling sharply between
now and the end of the week is limited as we head towards the
end of the quarter,” said David Buik, partner at BGC Partners.

“This is for the simple reason that I do not think there is
any particular damaging economic data to come out. We are
expecting decent U.S. non-farm payrolls on Friday, which could
mean the U.S. economy is really on the go again.”

Miners were in demand as London metals rallied. Copper hit
its highest since early January on a forecast rise in U.S.
payrolls, falling stocks and fading uncertainty over euro zone
debt defaults.

Anglo American (AAL.L: ), Antofagasta (ANTO.L: ), BHP Billiton
(BLT.L: ), Eurasian Natural Resources (ENRC.L: ), Rio Tinto (RIO.L: )
and Xstrata (XTA.L: ) gained 1.1 to 2.1 percent.

Banking stocks also featured among the top rise following
moderate falls in the previous session. Banco Santander
(SAN.MC: ), Deutsche Bank (DBKGn.DE: ) and Societe Generale
(SOGN.PA: ) rose 0.6 to 0.8 percent.

Investment

(Reporting by Joanne Frearson)

REFILE-European shares rise boosted by miners, banks