Oil prices above $40, European shares bounce back

By Dhara RanasingheLONDON (Reuters) – Oil prices rose above $40 a barrel on Wednesday, helping lift European stock markets back towards recent one-month peaks and taking the edge off global growth concerns for now. U.S. stock market futures pointed to a firm start for Wall Street, a day after weak Chinese trade data and a tumble in oil prices rekindled growth fears and knocked the S&P 500 stock index down more than 1 percent. Against this backdrop, yields on safe-haven government bonds