European shares up for first time in three days after Brexit battering
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* STOXX 600 rises more than 2 percent
* Index had slumped 11 percent in previous two days
* VW nears U.S emissions settlement, shares surge
By Sudip Kar-Gupta
LONDON, June 28 (Reuters) - European shares rose for the first time in three days on Tuesday after a heavy sell-off following Britain's shock vote to leave the European Union, on hopes of a more co-ordinated central bank response to financial market losses, and on firmer oil prices.
The pan-European STOXX 600 index, which had slumped 11 percent in the last two sessions, rose 2.4 percent while the pan-European FTSEurofirst 300 index advanced 2 percent.
British and European banking stocks, which had suffered the worst of the market rout, climbed with Barclays up 6.3 percent while Deutsche Bank rose 3.5 percent.
Among standout gainers, Volkswagen shares rose 4.3 percent, as sources said it was nearing a settlement valued at more than $15 billion with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles. Continuación...