Banks, autos boost European shares; Renault rises
* FTSEurofirst 300 gains 1 pct after Tuesday sell-off
* Automakers among top gainers; Renault rises 4.8 pct
* Banks gain; investors await Fed's rate decision
* For up-to-the-minute market news, click on [STXNEWS/EU]
By Atul Prakash
LONDON, Nov 4 (Reuters) - European shares bounced back on Wednesday after sharp losses in the previous session, with banks gaining ground ahead of the U.S. Federal Reserve's rate decision and with Renault (RENA.PA: Quote, Profile, Research) leading automobile stocks higher.
At 0920 GMT, the FTSEurofirst 300 index of top European shares was up 1 percent at 978.66 points after falling 1.2 percent to a one-month closing low on Tuesday.
The index, which is up 17.6 percent so far in 2009, has gained 51 percent since hitting a record low in early March.
Auto shares were in demand, with European carmakers rising 2.8 percent to feature among the biggest gainers, bouncing back from a 14-percent selloff over the past two weeks, after Nissan Motor (7201.T: Quote, Profile, Research) revised its annual forecast. [ID:nSP536647] Continued...
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