Europe Roundup: Broadly higher

by **hlk** Fri 07 Oct 2011, 07:51

PARIS: European shares rose yesterday, with a blue-chip index flirting with levels not seen in five weeks, as banking stocks climbed on rising hopes of coordinated action to recapitalise the lenders and shelter them from the region's debt crisis. However, gains were capped by caution ahead of crucial interest rate decisions for the eurozone and Britain.

At 1113 GMT, the FTSEurofirst 300 index of top European shares was up 1.5 per cent at 930.75 points.

In morning European deals, London's FTSE 100 index won 1.33 per cent to 5,169.76 points, Frankfurt's DAX gained 2.04 per cent to 5,585.84 points and in Paris the CAC 40 added 1.84 per cent to 3,028.57. - Agencies