Tue, 17 Jan 2012 07:24:35 GMT
European shares climb on French bond auction
European equity markets surged and closed higher after France faced a successful bond sale, as its 10-year borrowing costs dropped despite S&P downgrade. Stoxx Europe 600 gained 0.8% and finished at 251.12, while French CAC 40 index jumped 0.9 and finished at 3,225. UK FTSE 100 added 0.4%, closing at 5,657.44 and German DAX rallied 1.3% to 6,220.01.