European shares reached a maximum of four weeks late on Monday after a strong industrial production data in the eurozone to revive the optimism in the economic prospects of the region, while the insurer AXA rose on news that talks to sell British assets to Resolution.
At 11:43 GMT the pan-European FTSEurofirst 300 index rose about 1 percent to 1027.40 points, stringing together four consecutive sessions of gains.
The benchmark is down 7.5 percent since mid-April, when intensified rumors that the Greek debt crisis would plague other countries in the euro zone and slow global economic recovery.
"The titles have become a bit cheaper (after recent falls) and everything was a bit oversold," said David Bulk, senior partner at BGC Partners.
"The second quarter results will be somewhat better than people expected and could be run at current rally"
Banks were among the players on the rise. Barclays, HSBC, Société Générale, BNP Paribas and Deutsche Bank advanced between 0.9 percent and 2.6 percent.
The volatility index VDAX-NEW, principal Eurobarometer to measure the anxiety of investors, fell 4.1 percent to its lowest level in a month, which highlights a greater appetite for risk.
Regarding the evolution of specific values, AXA amounted to 3.4 percent after it confirmed it was negotiating to sell its life insurance business in the United Kingdom to Resolution Group in a deal valued at 2,750 million pounds.
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