Shares gain on earnings optimism, debt auctions eyed


LONDON: European shares rose to 11-week highs on Thursday as strong U.S. corporate profits lifted sentiment, while signs of stress in the European debt market kept the single currency trading just above a two-year low.

Pressure also remains on the dollar after Federal Reserve Chairman Ben Bernanke kept alive talk of more monetary easing in his latest remarks to the U.S. Congress, though he played down the risks of a double-dip recession.

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