European shares end higher led by miners; Italian banks plunge
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* Pan-European index ends up 0.6 pct
* Miners lead gainers on firmer copper prices
* Italy underperforms as banks turn lower
By Sudip Kar-Gupta and Danilo Masoni
LONDON/MILAN, April 12 (Reuters) - European shares rose on Tuesday at the end of a choppy session, helped by gains among mining companies, but Italy underperformed as its banks snapped a two-day winning streak.
The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both rose around 0.6 percent.
The Italian banking index fell 3.7 percent, reversing initial gains as investors questioned the effectiveness of a state-orchestrated deal to create a fund to shore up weaker lenders.
"The problem with the Italian bank fund is that it is not big enough and it risks compromising the banks that are already in a much better shape," said Francois Savary, chief investment officer at investment and consultancy firm Prime Partners. Continuación...