Financial Times FT.com

Banks and cars power recovery

By Emmanuelle Smith and Miles Johnson

Published: April 3 2009 11:35 | Last updated: April 3 2009 22:41

Strong gains for car manufacturers and banks powered European equities to their third-best weekly performance of the year.

A week that began with carmakers on the back foot because of new uncertainties surrounding Chrysler and General Motors in the US gave way to a strong recovery on its last two days.

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