Europe shares gain for 4th day, hit two-week highs

Mon Nov 9, 2009 9:46am GMT
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* FTSEurofirst 300 index up 1.2 pct, hits 2-week high

* Financials gain; Allianz up as earnings beat forecasts

* Commodity shares up; track higher crude, metals prices

* For up-to-the-minute market news, click on [STXNEWS/EU]

By Joanne Frearson

LONDON, Nov 9 (Reuters) - European equities rose for a fourth straight session to hit a two-week high on Monday, led higher by banking and commodity shares, after the Group of 20 pledged to keep the aid flowing until the recovery was assured.

By 0932 GMT, the FTSEurofirst 300 index of top European shares was up 1.2 percent at 1,004.53 points after touching 1.005.27, its highest level since October 26.

The benchmark index is up nearly 56 percent since reaching a record low in early March, helped in part by better-than-expected corporate results.  Continued...

 
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