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European shares extend gains after China move

European shares extend gains after China move
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First Published: Wed, Nov 30 2011. 05 11 PM IST

Updated: Wed, Nov 30 2011. 05 11 PM IST
London: European shares rose sharply on Wednesday, reversing earlier losses, with miners among the top gainers after China said it was cutting its banks’ reserve requirement ratio by 50 basis points.
At 1124 GMT, the FTSEurofirst 300 index of top European shares was up 0.8% at 955.01 points, heaving earlier been as low as 936.66.
The STOXX Europe 600 Basic Resources Index rose 1.1%, having been in negative territory earlier in the session.
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First Published: Wed, Nov 30 2011. 05 11 PM IST
More Topics: Markets Update | Europe | Stocks | STOXX | FTSE |