European shares finished higher after a day of choppy trade. Financial stocks were strong, helped by comments from US Treasury Secretary Timothy Geithner that he wants to make it “compelling” for US banks to cleanse their balance sheets of toxic assets and he will move quickly in coming weeks on that.
JCDecaux’s shares tumbled. The world’s second-biggest outdoor advertising firm’s profit fell last year and it is predicting lower sales. Car makers were boosted by market rumours of a merger between Renault and Peugeot. It was denied by Renault. Oil prices were down on further signs of weak global demand and rising inventories in top fuel consumer the US.