This Day On The Street
Continue to site
ADVERTISEMENT
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: European Stocks Mixed as Local Matters Are the Focus

LONDON (The Deal) -- European markets were mixed in early trading Monday, with London's FTSE 100 up slightly. Markets in Paris and Frankfurt were slightly down. Unlike the Asian markets, which continue to be kept afloat by speculation that the Federal Reserve will continue its bond-buying program for some time to come, Europe has been focused on more local matters. 

In London, financial stocks were weaker, but sentiment was buoyed by reports of a couple of forthcoming IPOs and private-equity interest in the cash handling business of outsourcing heavyweight G4S. A Bloomberg report said Charterhouse private equity could bid $1.6 billion for the unit. 

Terra Firma Capital Partners -- the private-equity firm that got its fingers badly burned with music company EMI -- expects a listing to value its renewable energy company Infinis at about $ 2.5 billion, including about $800 million of debt. 

Meanwhile, Merlin Entertainment, which owns Madam Tussauds, is expected to sell about $320 million of new shares, while private-equity firms Blackstone Group and CVC Capital Partners Group and Kirkbi, the Danish company behind Lego and Legoland, are all expected to sell part of their holdings in the company.

Must Read: The Deal: European and Asian Stocks Edge Higher

On continental European bourses, a few individual stocks shined through the gloom. German software house SAP (SAP) is maintaining strong profit guidance, while Dutch groups, electronics group Philips and chemicals group Akzo Nobel both pleased the markets with better-than-expected earnings news.

In Hong Kong, the market closed up just over 0.4% at 23,438.15. One negative factor: Hutchison Whampoa, owned by Asia's richest man, Li Ka-shing, has dropped the $4 billion sale of his ParknShop supermarkets chain. The good news? He may take Hong Kong's dominant grocer to IPO instead. 

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $110.37 -1.75%
FB $88.15 -1.94%
GOOG $606.25 -1.32%
TSLA $245.57 -0.86%
YHOO $32.54 2.42%

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs