European shares continued to recover, led by banks after Britain's exit
[rtl]Capitals - Reuters
stepped up European stocks in early trading higher on Friday for the fourth straight session , with receding fears caused by Britain vote for the exit from the European Union , with support from expectations the central bank to take further support measures. And increased European Stoxx 600 0.2 percent by 0715 GMT , while the FTSEurofirst 300 index of top European shares 0.3 percent. However , the two indices are still below their levels before the shock that Bulgaha British referendum , which raised fears of political risks in Europe , which had a negative impact on the financial sector stocks. It climbed 1.2 percent , the banking sector index to become the biggest gainer on the level ofsectors. Shares in Intesa 3.7 percent to top the list of gainers on the FTSEurofirst, while shares of Deutsche Bank, Lloyds rose sharply.
Some investors said: The sector received support from news that the European Commission approved an Italian guarantees to provide liquidity to troubled banks when needed program.
According to a report He told Bloomberg that the ECB is considering facilitating the rules of its purchases of bonds , which was a factor supportive also of the market.
rose FTSE UK 100 for the fourth consecutive session of moving to achieve the biggest weekly gain in four and a half years with the recovery of the banks after a wave ofselling followed the vote for the exit Britain.[/rtl]