European shares bounce back from three-week lows on banks, utilities boost

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By Shashwat Chauhan and Ankika Biswas

(Reuters) -European shares recouped some losses on Thursday after hitting three-week lows in the previous session, with banks and utilities leading the charge as investors assessed the latest economic data across the continent.

The pan-European STOXX 600 ended 0.7% up after falling for two straight days and touching its lowest level since Dec. 13 on Wednesday.

Leading the rebound were banks, which added 1.7%, while utilities advanced 1.5%.

Healthcare continued its strong run, rising 1.4%, taking its tally of consecutive days of gains to five.

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