Wed, 25 Apr 2012 06:48:29 GMT
European shares recover after US data
European equities rallied on Tuesday, after the Netherlands sold bonds and data from US showed new home sales remained strong in March while consumer confidence slightly declined matching analyst expectations. Stoxx Europe 600 gained 1.0%, Spanish IBEX 35 index jumped 2.2% and French CAC 40 advanced 2.3%. British FTSE 100 index surged 0.8% while German DAX index added 1%.