European shares finished up more than one percent as encouraging company results have investors hoping the recession is easing.
The region’s bourses rose for the sixth straight session trading around their highest in nearly four months. They extended their gains following the release of figures showing better than expected private sector employment figures in the United States for April; that also pushed up oil prices. BMW and Danish brewer Carlsberg rose as they posted better-than-estimated results. Financial stocks performed strongly after BNP Paribas first-quarter profits came in well ahead of forecasts and despite a report that Bank of America may need billions in fresh capital.