European shares extend gains; Italy, Spain rise
European shares extend gains; Italy, Spain rise
At 3:38pm, the FTSEurofirst 300 index of top European shares was up 1 percent at 979.90 points.
Italy’s FTSE MIB and Spain’s IBEX 35 rose 2.8 and 2.1% respectively. Bond yields fell as the European Central Bank was seen buying Italian and Spain bonds, to help stem the crisis.
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