European shares gain in late trade as U.S. turns positive

LONDON Tue Nov 13, 2012 10:48am EST

LONDON Nov 13 (Reuters) - Bargain hunters helped European stocks higher approaching the close on Tuesday, spurred on by gains in the United States, where indexes turned positive after early weakness.

By 1542 GMT, the FTSEurofirst 300 was up 1.94 points, or 0.2 percent, at 1,096.29, bouncing off a session low of 1,086.37.

Traders cited a number of potential catalysts for the rebound including technical reasons and hopes of a rescue package for Greece and Spain being agreed and an early resolution to U.S. fiscal cliff.

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