LONDON, Nov 30 (Reuters) - European shares bounced back on Tuesday from the previous day's eight-week closing lows, though persistent worries that the debt crisis could spread to other weak euro zone countries forced investors to stay cautious.
"The increase we are seeing this morning is merely technical from short-term oversold levels and comes on the back of the little rebound from the lows we saw yesterday evening on Wall Street," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets, in Brussels.
"Looking forward, things remain quite uncertain and volatility is likely to persist and even increase."
At 0809 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,074.38 points. On Monday, the benchmark index dropped 1.6 percent, the lowest close since early October, as Ireland's bailout failed to calm markets.
Miners featured among the top gainers, supported by stronger metals prices. The STOXX Europe basic resources index rose 1.2 percent, while BHP Billiton and Anglo American were up 1.4 percent and 1.2 percent, respectively. (Reporting by Atul Prakash; editing by Simon Jessop)