European Shares Rise as Banks Recover While French Stocks Slide
European shares closed higher on Monday as banks recovered and miners gained. However, French equities slid to a six-month low amid fiscal concerns and budget fears.
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European shares rose on Monday afternoon, driven by banking gains even as France equities hit a six-month low on fiscal concerns. The pan-European STOXX 600 index ended 0.4% higher, recovering from a four-rum low set last week. Meanwhile, the euro touched a 17-month low amid renewed sovereign debt worries.
