Europe shares hit a 11-month closing high
European stock markets ended the week in positive territory on Friday, swept along by investors optimistic about global economic prospects and a strong reading on a US consumer confidence index.
The pan-European FTSEurofirst 300 .FTEU3 index of top shares provisionally ended 0.6 percent higher at 993.97 points, its highest closing level in 11 months.
Elsewhere in Europe there were gains of 0.7 per cent in Amsterdam, 0.4 per cent on the Swiss Market Index, 0.8 per cent in Milan, 0.3 per cent in Brussels and 1 per cent in Madrid.
European shares closed higher on Friday, rising for the sixth consecutive day, as hopes about a swift global recovery pushed miners and banks into positive territory, while overseas macroeconomic data also helped.
The index plummeted 45 percent in 2008, but has gained nearly 20 percent this year, soaring 54 percent since falling to a record low in March.
However, it is still down almost 15 percent from its level in mid-September 2008, before the collapse of Lehman Brothers.
Mergers and acquisition activity has also made a return. This week, Kraft revealed a £10.2bn approach for Cadbury, while Deutsche Telekom and France Telecom announced plans to merge their UK operations.
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