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European shares open higher as banks continue recovery


June 18 (Reuters) – European shares extended gains in
early trade on Tuesday after posting steep declines last week,
as bank stocks recovered, with focus now shifting to more data
and commentary from central banks’ officials to gauge their
monetary policy path.

The pan-European STOXX 600 rose 0.6% as of 0707
GMT, as most sectors traded higher, with travel and leisure
leading gains with an 1.8% jump.

Lenders in the region gained 1.4%, continuing to
recover from an 8% drop last week.

European shares posted their biggest weekly drop so far this
year…



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