European shares ended higher after a day of market volatility as multiple futures and options expired.
The dollar made a bit of a recovery after its dramatic falls on currency concerns from the Federal Reserve’s bond buying moves but despite that crude prices remain above 51 dollars a barrel which boosted oil producers. Higher metals prices pushing up mining stocks. Bayer jumped 11.3 percent after the group received a green light for a new anti-blood clotting drug Xarelto from a US panel, putting it on track to win approval in its largest market. In the negative column, banks were big losers as were carmakers. And telecom equipment makers – including Nokia – suffered as Sony Ericsson said it expects to report a pretax loss of between 340 and 390 million euros in the first quarter due to weak consumer demand.