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Europe shares gain in early trade; jobs data eyed

Fri Nov 6, 2009 3:24pm IST
 
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* FTSEurofirst 300 index rises 0.2 pct

* Banks rise

* Lafarge, L'Oreal drop after results

By Brian Gorman

LONDON, Nov 6 (Reuters) - Europe shares edged up in early trading on Friday ahead of a key U.S. employment report, with companies such as Royal Bank of Scotland (RBS.L: Quote, Profile, Research) and British Airways gaining (BAY.L: Quote, Profile, Research) after results.

At 0929 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 992.54 points.

The European benchmark is up more than 53 percent from its lifetime low on March 9, as investors have become more confident on the prospects for economic recovery.

Royal Bank of Scotland (RBS.L: Quote, Profile, Research), majority-owned by the British state, rose 4 percent after it more than halved its operating loss to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell. [ID:nL6671701]  Continued...

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