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The rise was prompted by an impressive performance from several companies. Volkswagen gained three per cent after reports its new luxury vehicle could sell 1.3 million units in 2011, Bloomberg reports.
Nestle increased 1.2 per cent and Danske Bank leapt 1.7 per cent after confirming Eivind Kolding as its next chief executive officer.
The Stoxx 600 moved forward 0.7 per cent to 235.3 after an earlier fall of around 0.7 per cent, indicating the volatility of the market.
Ole Kjaer Jensen, head of share trading sales at Sydbank A/S, said: "Volumes are low and the newsflow is very weak. It seems buyers stepped into the market after the initial selloff."
Last week, Mike McCudden from Interactive Investor warned many traders were pulling out of the market until the new year in the hope the situation in Europe would become clearer.
Posted by Clive Arneill
