This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Deal: European Stocks Mixed, Japan's Nikkei Closes Lower

Stocks in this article: T VOD RBS TM

LONDON (The Deal) -- Two big stories sent  shockwaves through the European markets Friday. The first, initially seen as a positive, was a rumor that U.S. telecoms giant AT&T (T) is considering a takeover of its British rival Vodafone (VOD). Vodafone's been seen as a target ever since it agreed to sell its stake in Verizon Wireless, but the news sent the share skywards on the London market, taking it up 2.13% to over 229 pence.
But the second story was the announcement, also heavily trailed, that the U.K. Treasury has decided not to break up Royal Bank of Scotland (RBS)into a good and bad bank. Instead, the mainly taxpayer-owned institution will handle its remaining $60 billion of toxic loans in an internal bad bank -- and speed up the sale, even if it means losing more money on some of the disposals. The bank will also speed up the sale of its U.S. bank, Citizens, aiming for an IPO next year  and a complete disposal by 2016.
But after a bit of a wobble, the FTSE 100 was up again just over 0.02%, just about flatlining overall  at 6733.
The Dutch government also announced plans this morning to unwind some of the bad bank provisions it put in place to help ING (ING) bank at the time of the market crash. Though no timing's been put in place yet, the expectation is that the deal will lead to a profit for the Dutch taxpayer.
In Frankfurt, the Dax was down about 0.2% at 9017. And in Paris the CAC 40 was down about 0.35% at 4285. Both were led downward by banks and auto makers, particularly after a profit warning from Nissan in Japan.
In India, the stock market hit a record high -- although later in the day, there were new figures out showing the country's manufacturing sector continued to contract in October.
In Japan, the Nikkei 225 closed down less than 0.1% at 14,201.57, partly on that profit warning. But there was better news from Toyota (TM) which saw its China sales soaring in October. In Hong Kong, the Hang Seng was up slightly at 23,249. In Shanghai, the FTSE China B 35 was up 0.68% at 9,028.8.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs