LONDON, Mar 28 (Reuters): European shares edged up Thursday, recovering
from a three-week low hit in the previous session as bargain hunters
picked up beaten-down stocks on the last trading day of the quarter.
But worries over the impact of a bailout of Cyprus, including fears of a run on the island's banks when they reopen at 1000 GMT, were expected to cap gains and weigh on equity markets in the second quarter.
The pan-European FTSEurofirst 300 index rose 0.3 per cent to 1,187.43 points, and the euro zone's blue-chip Euro STOXX 50 index also advanced 0.3 per cent to 2,621.34.
Anxiety over Cyprus, whose 10 billion euro ($12.8 billion) bailout package has driven it to impose losses on wealthy bank depositors, has put a brake on a rally on equity markets since the start of 2013.
But worries over the impact of a bailout of Cyprus, including fears of a run on the island's banks when they reopen at 1000 GMT, were expected to cap gains and weigh on equity markets in the second quarter.
The pan-European FTSEurofirst 300 index rose 0.3 per cent to 1,187.43 points, and the euro zone's blue-chip Euro STOXX 50 index also advanced 0.3 per cent to 2,621.34.
Anxiety over Cyprus, whose 10 billion euro ($12.8 billion) bailout package has driven it to impose losses on wealthy bank depositors, has put a brake on a rally on equity markets since the start of 2013.
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