Wednesday, April 11, 2007

European shares up as oil supports; M&A in focus

(Reuters) - European shares rose in early trade on Wednesday after U.S. shares rallied overnight and oil prices inched above $62 a barrel, with focus on merger and acquisition activity amid a thin agenda for corporate news.

The pan-European FTSEurofirst 300 index gained 0.2 percent to 1,551.24 points at 0803 GMT, having returned to levels seen before European shares were hit by a global stock market sell-off in February.


Read more at Reuters Africa

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