European shares rebound after U.S data but Eutelsat plunges

European shares rebound after U.S data but Eutelsat plunges

The pan-European FTSEurofirst 300 index had spent much of the day in negative territory, then swung back up to stand 0.6 percent higher following the U.S figures.

The data showed U.S. retail sales in April recorded their biggest increase in a year, suggesting that the world’s biggest economy was regaining momentum after growth almost stalled in the first quarter.

“The strong U.S. data has lifted European markets, and we are fairly bullish in the medium term,” said MB Capital trader Rick Jones.

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