BY ANIMA SINHA
LONDON: European shares rose on Tuesday, starting the month on a stronger footing, with sentiment boosted by optimism over the outlook for the U.S. economy as investors snapped-up stocks beaten down in the recent sell-off.
By 0809 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.6 percent at 1,176.11 points, after closing 0.8 percent higher on Monday.
Sentiment towards equities was helped by bullish comments from billionaire investor Warren Buffett who said that he saw the need for "major acquisitions", a sign stocks may be cheap, and gave aggressive earnings forecasts for his Berkshire Hathaway collection of businesses.
"It's very important that the U.S. economy is now showing signs of strength ... and forecasts for this year's GDP is starting to exceed 4 percent. This is certainly good news for the world economy," said Heino Ruland, strategist at Ruland Research in Frankfurt.
Among individual movers, Luxottica rose 1.9 percent after the world's biggest premium eyewear said late on Monday that it expected demand from the U.S. and emerging markets to help profit growth to exceed sales this year.
By 0809 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.6 percent at 1,176.11 points, after closing 0.8 percent higher on Monday.
Sentiment towards equities was helped by bullish comments from billionaire investor Warren Buffett who said that he saw the need for "major acquisitions", a sign stocks may be cheap, and gave aggressive earnings forecasts for his Berkshire Hathaway collection of businesses.
"It's very important that the U.S. economy is now showing signs of strength ... and forecasts for this year's GDP is starting to exceed 4 percent. This is certainly good news for the world economy," said Heino Ruland, strategist at Ruland Research in Frankfurt.
Among individual movers, Luxottica rose 1.9 percent after the world's biggest premium eyewear said late on Monday that it expected demand from the U.S. and emerging markets to help profit growth to exceed sales this year.
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