Europe stocks end higher; commodities gain
* FTSEurofirst 300 index up 0.4 percent
* Commodities gain as crude, metals rise
* Vodafone slips
By Joanne Frearson
LONDON, May 20 (Reuters) - European shares ended higher on Wednesday in a choppy session, extending a winning streak to five days, with commodity stocks the major gainers as the price of crude oil and metals rose.
The pan-European FTSEurofirst 300 index of top shares was up 0.4 percent at 875.85 points at the provisional close, having traded in a narrow range.
The index, which slumped 45 percent in 2008, rose to its highest close in more than four months on Tuesday and is about 35 percent higher than a lifetime low on March 9.
"Cyclicals are leading the market today, commodity prices are quite firm. There is no particular strong news out there and investors are asking what are the themes -- which is the oil price ticking up today," said Nomura strategist Philip Lawlor. Continued...
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
