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European stocks end week higher


European stocks end week higher


European shares finished up for the third day running, they rose 1.6% enjoying a relief rally as the result of a smaller than expected loss by Citigroup.

Banks rose, Britain’s Royal Bank of Scotland up 9.6% and BNP of France rising 4.6%, but analysts cautioned that the Citigroup impact is likely to be short-lived.

Carmakers and airlines benefited from oil’s more than 10% slide since Tuesday.

Warnings on full-year sales at French cosmetics group L’Oreal and on earnings at Belgian supermarket chain Delhaize put a cap on the gains.

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