European shares rose on Thursday in low volume, recovering from the previous session falls, on hope there would be demand at an Italian auction of long-term sovereign debt after the European Central Bank's three-year funding operation last week.
Volume is low and I hope we have a reasonable result at the Italian auction, but we are stuck in a trading range, Andrea Williams, manager of Royal London Asset Management's European Income fund.
The ECB three-year funding has been a great thing as it has brought a lot of stability to the system and the market.
At 8:07 a.m., the FTSEurofirst 300 <.FTEU3> index of top European shares was up 0.2 percent at 983.83 points.
Mining stocks featured among the top performers, STOXX Europe 600 Basic Resources index <.SXPP> which fell in the previous gained 0.6 percent as risk appetite improved. (Reporting by Joanne Frearson)