Saturday 2 July 2016

Shares lifted by signs of central bank support

European shares rose on Friday, lifted by expectations that the European Central Bank would take action to support markets in order to ease worries about the fallout from Britain's vote to leave the European Union.

The pan-European STOXX 600 index rose 0.7 per cent, while the FTSEurofirst 300 index climbed 0.8 per cent.

The STOXX 600 rose around 3 per cent over the week, although it remains 4 per cent below its closing level on June 23 - the day before the result came through that Britain had voted to leave the European Union.

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