European shares rose in a tentative recovery on Friday following sharp falls in the previous session after the Group of 20 economies pledged action to help financial markets and increase the flexibility of the euro zone's rescue fund, Reuters reported. French banking stocks, which have exposure to euro zone sovereign debt, were amongst the top risers, with Societe Generale, Credit Agricole and BNP Paribas up 1.9 to 3.9 percent. The G20 said necessary steps would be taken to help calm and global financial system, however, little detail was given on how the rescue fund might be changed and what kind of action the group would implement to help the markets. By 0707 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.9 percent at 882.93 points, after dropping 4.7 percent to a 26-month low on Thursday on worries about global growth. -- SPA
