28
Nov
European shares are sharply higher Monday in mid-session, encouraged by the hope that European leaders propose new measures against the debt crisis at the approach of the EU summit of December 9. But traders believe the rebound mainly technical, due to purchases cheap, European values being dropped last week to a low of seven weeks.
Around 12:20, the CAC 40 index advanced 3.6% (102 points) to 2959 points, rising to 3,000 points after falling 4.67% last week.
The London Stock Exchange gained 2.04%, 3.10% that of Frankfurt and Milan up 3.08%.