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The Malaysian Insider

Business

European shares turn positive, banks gain

September 09, 2010

LONDON, Sept 9 — European shares pared losses and turned positive today morning, as stronger banks and miners offset weaker retailers and telecoms.

At 1623 Malaysian time, the FTSEurofirst 300 index of top European shares was up 0.1 per cent at 1,072.67 points, having been as low as 1,067.18 earlier in the session.

Lloyds rose 2.7 per cent after a broker upgrade. Barclays rose 1.9 per cent, bouncing from recent weakness. — Reuters