European shares rise 2 percent - Yahoo! Finance

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Wednesday July 1, 03:03 PM
Reuters


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European shares rise 2 percent

LONDON (Reuters) - European equities extended gains in late afternoon trade on Wednesday, with strong crude and metals prices boosting energy and mining shares.

The FTSEurofirst 300 index of top European shares rose 2 percent to 867.22 points after falling 1.1 percent on the last day of the second quarter.

Energy shares were among top gainers as crude jumped 2.6 percent to trade above $71 a barrel following a large drop in crude inventories in the United States.

BP , Royal Dutch Shell , BG Group , Tullow Oil , Repsol , Total and StatoilHydro added between 2 and 4.9 percent.

(Reporting by Atul Prakash)

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