This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Deal: Europe, Asia Stocks Flat Ahead of German Elections

LONDON ( The Deal) -- European and Asian markets were flat on Friday ahead of federal elections Sunday in Germany, Europe's largest economy.

In the U.K., Royal Bank of Scotland (RBS - Get Report) announced that it had raised about 630 million pounds ($1 billion) through a further selldown of a stake in Direct Line Insurance Group, the country's largest home and car insurer. The lender now owns about 28.5% of the company after selling about 300 million shares at 210 pence apiece to institutional investors.

Shares in Direct Line Insurance fell 5.40 pence, or 2.48%, to 212.60 pence, while shares in Royal Bank of Scotland shed 4.10 pence, or 1.11%, to 364.90 pence.

The U.K.'s benchmark FTSE 100 was little changed, down 5.48, or 0.08%, at 6,619.91.

In Germany, the DAX was almost flat, down 6.81, or 0.08%, at 8.687.37, on the last trading day before Sunday's national elections in which German Chancellor Angela Merkel is vying for a third term against Peer Steinbrück of the center-left Social Democrats.

A new national opinion poll released Friday in Germany showed the Social Democrats advancing 1 percentage point to 28%, still 10 points behind Merkel's Christian Democrats and its Bavarian sister party. She may be forced to form a government with a party other than the current junior coalition partner, the pro-business Free Democrats, who appear to be struggling to reach the 5% threshold needed to enter parliament

In Asia, the Hang Seng rose 385.06, or 1.67%, to 23,502.51, while the Nikkei fell 23.76, or 0.16%, to 14,742.42.

Standard & Poor's futures shed 0.20 to 1,717.20.

--Written by Renee Cordes

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
RBS $9.11 -0.87%
AAPL $118.82 0.86%
FB $104.08 -1.30%
GOOG $746.61 -0.49%
TSLA $230.09 -0.66%


Chart of I:DJI
DOW 17,791.41 -7.08 -0.04%
S&P 500 2,087.08 -3.03 -0.14%
NASDAQ 5,108.0660 -19.4590 -0.38%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs