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Cautious market-Britain set to exit recession

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Cautious market-Britain set to exit recession

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European shares closed higher with banks gaining following BNP Paribas drive to repay the French state the 5.1 billion euros it borrowed when the financial crisis broke.

Still its a cautious market. However, The deep recession in Britain appears to be easing, according to official data, boosting hopes that the nation will soon join other major economies in returning to growth before the end of 2009. London closed flat, the German DAX and CAC 40 were slightly down. Brent oil closed at just over 65 dollars a barrel.