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European shares up

EUROPEAN shares have risen, gaining for the third straight month. The increases came after St Louis Federal Reserve President James Bullard gave a bullish US outlook.

This eased the fears of investors that high oil prices would hurt growth. The pan-European FTSEurofirst 300 index provisionally closed 0.8pc higher at 1,169.28 points, up for the second consecutive session.

"Markets have taken Bullard's comments positively," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels, said.