European shares lifted by bid activity and firmer energy stocks

LONDON, Rabi’I 11, 1437, December 22, 2015, SPA — European shares rose on Tuesday to recover from a pullback in the previous session caused by worries over Spain, as firmer energy stocks and takeover activity lifted the region’s equity markets, Reuters reported.

The pan-European FTSEurofirst 300 index, which fell 1.2 percent on Monday, recovered to stand 0.8 percent higher, while the euro zone’s blue-chip Euro STOXX 50 index also advanced by 0.9 percent.

Oil stocks such as BP and Royal Dutch Shell recovered as oil prices edged away from multi-year lows on Tuesday.

Shares in USG People also surged 28 percent after Japanese employment agency Recruit agreed to buy the Dutch staffing company for 1.4 billion euros ($1.53 billion), a premium of 31 percent to its closing price on Monday.
–SPA
12:10 LOCAL TIME 09:10 GMT