During European morning trade, the EURO STOXX 50 climbed 0.77%, France’s CAC 40 advanced 0.84%, while Germany’s DAX 30 added 0.71%.
With markets in London remaining closed for an extended holiday break and most investors already away on year-end leave, trading volumes were low, resulting in subdued trade.
Government data showed Friday that U.S. new home sales rose to a seven-month high in November, while durable goods orders rose a better-than-expected 3.8% in November from October.
Both reports came amid a week marked by bullish U.S. economic indicators, including a report showing that initial jobless claims fell to the lowest level since April 2008.
But gains were capped by sustained worries over a series of credit downgrades in the euro zone.
Financial stocks were mixed as shares in French lender BNP Paribas climbed 1.43%, while Societe Generale fell 0.58% and Germany’s Deutsche bank retreated 0.89%.
Meanwhile, France Telecom advanced 0.17% after saying its deal to sell Orange Switzerland, which is subject to approval by Swiss authorities, will be submitted to France Telecom’s board in the week starting January 9.
Elsewhere, German companies Wacker Chemie AG and BASF SE led chemical makers higher with shares rising 0.90% and 0.93%.
In the U.S., equity markets were expected to return from the long holiday weekend, after closing higher on Friday.
Later in the day, the U.S. was to publish industry data on house price inflation, as well as a report on consumer confidence and manufacturing activity in Richmond. For the latest updates on the stock market, visit Stock Market Today
EURO STOXX 50 dec 27 2011, Germany’s DAX 30, december 27 2011, France’s CAC 40 shares prices december 27 2011, stock market december 27 2011, BNP Paribas stock price dec 27 2011, France Telecom dec 12/27/2011. For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
European Stocks market
- Stoxx Europe 600 index Forecast 2013
- European Stock Market Forecast 2013
- European stock market and Italian bonds down dec 11 2012
- Europe stock markets advanced october 17 2012
- European stock market will open down october 12 2012
- Mario Draghi ECB Press Conference october 4 2012
- European stock markets higher october 2 2012
- european stock futures down october 1 2012
- European stock market rose september 28 2012
- impact protests in Greece and Spanish on stock market
- Effect Spanish recession on stock market
- European stock market drop 9-26-2012
- European Stock markets september 21 2012
- European stock markets 9/18/2012
- European stock markets lower september 17 2012
- European stock futures down 9/10/2012
- German constitutional court decision prediction
- Euro govt Bonds fall before ECB meeting 9/6/2012
- European stock markets sept 6 2012
- European Stock markets rose september 3 2012
- Eurozone Purchasing Managers PMI report 3 september 2012
- ECB President Mario Draghi will speech at Brussels sept 3 2012
- Europe economic forecast September 2012
- European stocks market august 31 2012
- Expectations ECB will bond buying plan
No comments:
Post a Comment