European stock markets february 8 2012

European stock markets february 8 2012 : European stock markets were higher on Wednesday, amid hopes that Greece will finally secure the second bailout package it needs to avoid a sovereign debt default. During European afternoon trade, the EURO STOXX 50 rose 0.45%, France’s CAC 40 climbed 0.34%, while Germany’s DAX 30 jumped 0.61%.

Financial stocks extended earlier gains, led by Italian Unicredit whose shares surged 5.71%, while Germany’s Deutsche Bank and Commerzbank jumped 1.97% and 7.53% respectively.

Meanwhile, Nexans soared 7.34% as the world’s second-largest maker of cables and wires reported an increase in its 2011 operating profit margin and predicted further revenue growth this year.

On the downside, Mobistar sank 10.25% after Belgium’s second-biggest mobile-phone company forecast that the decline in its profit will accelerate this year, missing analysts’ estimates. The world’s biggest salmon farmer, Marine Harvest, also dropped 1.67% after the company predicted a “challenging supply situation” in 2012. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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