Saturday, April 18, 2009

European share prices close higher


European share prices close higher
18-04-2009

European shares closed higher rising for the sixth straight week, with banks gaining after better-than-expected results from Citigroup and General Electric.

The index of top European shares rose 1.6 percent, its highest close in more than two months.

Banks were given a boost, after Citigroup reported first-quarter revenues of $24.8 billion and a loss of 18 cents per share, better than forecasts.

Britain's Footsie 100, Germany's DAX and France's CAC-40 closed between one and 1.8 percent higher.

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