European shares fluctuated through the day and finished slightly higher but London closed one percent down.
There was some profit taking by investors who were also still assessing the latest US government moves to shore up the world’s largest economy. Analysts said they want to see more evidence before declaring the market has bottomed out. A stronger dollar meant commodity prices were lower and that pulled down the shares of oil producers and mining companies. Deutsche Bank rose as its Chief Executive said it had a good start to the year. Metro, the world’s fourth-largest retailer, saw its shares drop as it said its sales this year will not meet the company’s earlier forecasts.