Europe Roundup: Stocks up
European shares shrugged off their earlier losses to close higher yesterday as a bounce in car and technology stocks helped offset lower mining stocks and worries about slowing global growth.
Among the stream of companies posting earnings, Aviva dropped despite posting a healthy profit jump, while Commerzbank tumbled after a weaker- than-expected performance in its key units.
The FTSEurofirst 300 index of leading European shares closed unofficially up 0.7 per cent at 1,340.1 points, after earlier dipping to a two-week low.
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Europe Roundup: Stocks close weaker
European shares closed lower yesterday, but above intra-day lows as analysts expected little lasting economic impact from news that British police foiled a suspected plot to blow up several aircraft.
The FTSEurofirst 300 index was 0.8 per cent weaker at an unofficial close of 1,330.7, but above an intra-day low of 1,316.3 when it was down nearly two per cent at a two-week low.
The London FTSE 100 index of leading shares shed 0.63 per cent to 5,823.40 points.
In Frankfurt, the Dax gave up 1.26 per cent to 5,630.96 and in Paris the CAC 40 closed 0.97 per
Europe Roundup: Markets dip
European stocks had the biggest slide in three weeks after crude-oil prices surged in New York, spurring concern higher fuel costs will be a drag on earnings growth.
Oil is a tax on the consumer, said Frank Hogg, the head of fund management at Bank Hofmann AG in Zurich. His firm cut holdings of equities at the end of July.
The Dow Jones Stoxx 600 Index lost 1.1 per cent to 324.30 here, its steepest drop since July 14 and sliding from its highest since May 16. The Stoxx 50 fell 1.2 per cent while the Euro Stoxx 50,
Europe Roundup: Equities advance
European stock markets advanced yesterday, with the London FTSE 100 index rising 0.96 per cent to close at 5,930.10 points.
In Paris the CAC 40 rose 0.45 per cent to finish at 5,243.10 while in Frankfurt the DAX added 0.49 per cent to reach 5,989.71 points. The pan-European FTSEurofirst 300 index closed unofficially up 0.5 per cent at 1,395.8 points.
European shares nudged closer to five-year highs yesterday, buoyed by Spanish utilities and retailers as flurry of takeover activity centred on the sector, while mining stocks provided support.
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Utilities boosts Europe stocks
LONDON, England (Reuters) -- A fresh flurry of merger talk around utilities such as Scottish Power boosted European shares to a higher close on Monday, outweighing a weaker Wall Street and oil stocks hit by a lower crude price.
The pan-European FTSEurofirst 300 index closed 0.43 percent up at 1,226.2 points.
"Generally we think European equities are still quite cheap at these levels and we expect strong support to come in from further positive earnings and more M&A speculation," said ABN AMRO European strategist Rolf Elgeti.
"Oil stocks across Europe are weaker and this is because of the crude price
Europe stocks end slightly higher
LONDON, England (Reuters) -- European shares closed slightly higher on Tuesday as a 1.6 percent spike in oil prices knocked the wind out of a three-session rally but kept energy stocks firm, while Adecco shares outperformed.
Shares in the world's biggest recruitment services company surged around 5 percent as investors welcomed the resignation of Chief Executive Jerome Caille after a year of criticism and just days after Adecco reported third-quarter results that fell short of expectations.
The FTSEurofirst 300 index of leading European shares closed 0.07 percent higher at 1,243.4 after briefly setting a new 3-1/2 year peak
