Europe shares close higher and rise for third month
* FTSEurofirst 300 closes 0.2 pct higher
* Index rises for third straight month
* Energy shares rise as crude reaches six-month highs
By Brian Gorman
LONDON, May 29 (Reuters) - European shares closed higher on Friday, with oils and miners rising on stronger commodities prices, though mixed economic news from the United States limited gains.
The FTSEurofirst 300 index of top European shares rose 0.2 percent to 862.17 points, having been up as much as 1.4 percent earlier.
Over the week, the index gained 0.7 percent. In May, it rose 4 percent, a third straight monthly gain and its best winning streak in two years.
"There's some momentum that could last for another couple of months," said Georgina Taylor, equity strategist, Legal & General Investment Management. "But due to the rally, I think the market has become more sensitive to newsflow."
"The story is still the same", said Taylor, "but the movements may be smaller in magnitude. On the whole, data is surprising on the upside." Continued...
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