Mining stocks help European shares extend rebound


09/02/2014 09:34 AST

European shares extended their rebound on Friday from last month's losses, helped by mining stocks, as long-term investors bet equities would continue to benefit from the region's gradual economic recovery.

Equity markets briefly pared gains after worse-than-expected U.S. employment data, but then swiftly recovered as traders and investors said the longer-term outlook of a slow global economic pick-up remained intact.

The pan-European FTSEurofirst 300 index closed up 0.8 percent at 1,300.11 points, while the euro zone's blue-chip Euro STOXX 50 index also advanced 0.9 percent to 3,038.49 points.

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