European shares to rebound from 11-month lows

European shares to rebound from 11-month lows

London: Europe’s key stock indexes are likely to bounce back from 11-month lows on Thursday, mirroring gains in Asia and a late recovery on Wall Street, on expectations of strong company earnings and a new round of US economic stimulus.

Financial spreadbetters expected Britain’s FTSE 100 to open 29 to 32 points higher, or as much as 0.6%, Germany’s DAX to open 66 to 71 points higher, or as much as 1.1%, and France’s CAC-40 to gain 38 to 41 points, or as much as 1.2%.

The FTSEurofirst 300 index of top European shares fell 2% on Wednesday to 1,027.52 points -- its lowest close in 11 months and the biggest one-day percentage drop since March.

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