European shares rose early on Tuesday on expectations that euro zone policymakers can come up with a solution to save Greece from missing its July debt payment and avoid short-term contagion risk to the peripherals.
Oil and gas stocks rebounded, up 0.9 per cent, after a four-day losing run, with BP up 1.4 per cent and Royal Dutch Shell up 0.8 per cent.
"Certainly valuations are more attractive than they were. We have seen some selective bargain-hunting here and there," said Keith Bowman, equity analyst at Hargreaves Lansdown.
By 0710 GMT, the FTSEurofirst 300 index of leading European shares was up 0.4 per cent at 1,085.55 points, after falling 0.5 per cent in the previous session to a three-month closing low.
SABMiller shed 2.3 per cent after it offered to buy Foster's Group for $10.1 billion in cash, which was rejected by the Australian company
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