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: European Shares Spooked by Icahn's Warning

LONDON ( The Deal) -- Activist investor Carl Icahn's warning Monday that the markets could face a big drop continued to have repercussions in Europe this morning, with markets starting the day in a markedly less optimistic mood.

Financial stocks led the way down in London, Paris and Madrid, with French Bank BNP Paribas, Spain's Bankia and Britain's Lloyds (LYG - Get Report) all falling over 1% in early trading. And in London, Aberdeen Asset Management fell on profit-taking after Monday's acquisition of Lloyds' pensions and asset management group Scottish Widows.
But individual stocks did well. In Amsterdam, Dutch vitamins to petrochemicals group DSM soared on the announcement of its deal to sell its pharmaceuticals division to New York private equity firm JLL, which will merge the business with Canada's Patheon. DSM was up well over 3% in morning trading. And in London, budget airline Easyjet was up over 5.5% on a jump of 51% in pretax profit for the year to September and a 7% increase in profit per seat.1
The FTSE 100 was down 0.61% at 6682.18, In Frankfurt, the Dax was down 0.46% at 9183.18, although the mood was expected to improve after a much-watched index of German economic confidence, the ZEW index came in at 54.6 -- its highest monthly level since October 2009. In Paris, the CAC40 was down a full percentage point at 4277.25
In Asia, Japan's Nikkei 225 closed down 0.25% at 15,126.56 after flatlining on Monday, and in Hong Kong, the Hang Seng was virtually unchanged at 23,657, ending a run of gains on optimism about mainland China's economic reforms.

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
LYG $4.79 0.42%
AAPL $111.55 1.90%
FB $93.15 0.74%
GOOG $643.51 0.68%
TSLA $221.97 -2.10%


Chart of I:DJI
DOW 17,057.93 +7.18 0.04%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,826.9350 +16.1470 0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs