European shares are higher just after the open, shrugging off the previously telegraphed French...

|By:, SA News Editor

European shares are higher just after the open, shrugging off the previously telegraphed French bank downgrades. Stoxx 50 +0.7%, France +0.8%, Germany +0.5%, Spain +1.6%, Italy +1.1%, U.K. +0.8%. The euro retraces all of its losses, -0.1% at $1.3665.