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European shares bounce back after Greece deal

European shares bounced back today from three-month closing lows a day earlier, with investors appetite for riskier assets rising after Greece clinched a deal with international lenders on tax rises and spending cuts to plug a funding gap.

The FTSEurofirst 300 index of top European shares was up 1.1 per cent at 1,087.23 points after falling 1.5 per cent in the previous session. The index could close higher this week after losses in the previous eight weeks.