Friday, April 13, 2007

European shares head higher on oils, PPI eyed

(Reuters) - European shares rebounded from a one-week low early on Friday, as a sharp rise in oil prices fuelled gains in heavily-weighted energy stocks, but lingering worries about inflation capped the market's advance.

Takeover activity once again spurred selected stocks such as Faurecia as traders cited rumours that Peugeot was mulling a spin-off the French car-parts maker.


Read more at Reuters Africa

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