European shares up but index falls 11.8 percent

Posted by 7Star Wednesday, April 1, 2009

European shares closed higher on Tuesday, with miners gaining on stronger metals prices and heavyweight banks recovering ground lost on Monday. The pan-European FTSEurofirst 300 index of top shares rose 3.5 percent to close at 733.69 points, following a 3.9 percent fall on Monday. The index rose 2 percent in March, but fell 11.8 percent in the first quarter of 2009, hurt by a banking crisis and several major economies in recession.

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