Share report: rebound on US fiscal hopes

European shares continued their rebound after last week's sharp sell-off as investors were encouraged by signs of progress in talks to resolve the fiscal crunch in the US.

19th November, 2012
European shares recovered from last week's sharp sell-off

Shares climbed the most in more than two months as US President Barack Obama expressed confidence that he will strike a deal with Congress on a new budget to avoid the so-called fiscal cliff.

In Dublin, the ISEQ index was up 1.3 per cent with Smurfit Kappa, FBD Holdings, Total Produce and Grafton Group all rising more than 4 per cent.

In London, the FTSE index was up 2.4 per cent, while in Paris the CAC was...

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