European shares rise further on new Spain aid talk

LONDON Tue Oct 16, 2012 7:59am EDT

LONDON Oct 16 (Reuters) - European shares extended their earlier gains on Tuesday, with traders citing a media report that Germany may be prepared to soften its stance over helping Spain ahead of any official bailout.

The FTSEurofirst 300 index was up by 0.9 percent at 1,107.69 points by 1155 GMT, while Spain's benchmark IBEX equity index was up by 1.9 percent.

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