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BREAKING NEWS

Thursday 9th April

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Thursday 9th April

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European shares finished up 2.8 percent after a choppy session on the last day of trading in a week shortened by the Easter holiday and as investors continue to debate whether the markets have finally bottomed out.

Financial stocks benefited from hopes that stimulus plans announced by several countries could improve spending. In addition there was a surprisingly upbeat quarterly profit projections from the second largest US bank, Wells Fargo, signalling perhaps some stabilisation may be returning to the banking sector. Barclays surged on the sale of iShares unit. Energy companies were boosted by higher crude oil prices and miners tracked rising metals prices.