European shares close modestly higher after 3 days of sharp losses as additional IMF funding...

|By:, SA News Editor

European shares close modestly higher after 3 days of sharp losses as additional IMF funding begins to trickle in from non-EMU countries. Stoxx 50 +1%, Germany +1.2%, France +0.9%, Italy +1.4%, Spain +1%, U.K. +0.8%. The euro also gains a bit after threatening a one year low yesterday, +0.2% to $1.3012.