European shares jump back up

European shares rose on Thursday, buoyed by gains on Asian and US markets after a US central bank official said the prospect of a September rate hike seemed "less compelling" than before. The pan-European FTSEurofirst 300 index, which fell 1.9 per cent on Wednesday, bounced back up by 2.4 per cent, as did the euro zone's blue-chip Euro STOXX 50 index. Bouygues was one of the best performing stocks, rising 6.1 per cent after the French conglomerate lifted the profit goal for its telecoms arm. The FTSEurofirst remains down by around 10 per cent in August due to earlier slumps caused by the worries over China, and the index is at risk of its biggest monthly loss in four years, according to Reuters.

-Shuvo-