Scoreboard: European optimism

European markets made strong gains on the back of easing tensions in Ukraine and upbeat earnings, while Wall Street edged higher.

European shares rebounded on Monday from a two-week drop. The German Dax outperformed, after investors concluded Russia would not send troops into Ukraine anytime soon. Eurozone banking shares featured among the top gainers on Monday. Italy's fourth biggest bank Banco Popolare rose 8.2 per cent after stronger-than-expected quarterly results. The FTSEurofirst 300 index rose by 1.3 per cent with the German Dax up by 1.9 per cent while the UK FTSE gained 1 per cent. But Australia's major miners were higher in London trade with shares in BHP Billiton up by 1.9 per cent while Rio Tinto rose by 3.6 per cent.


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