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 Markets Gain Ground

LONDON ( The Deal) -- European markets were gaining ground by mid-morning Friday after continuing Thursday's losses in early trading.

There had been some pessimism at start of play Friday, as observers expected the profit-taking that marked Europe's worst start to a new year for five years to continue. But strong figures from the likes of clothing chain Next in London and news that George Soros has followed Bill Gates in taking a stake in Spanish construction and group Fomento de Concstrucciones y Contratas, or FCC, as well as a big fall in Spanish unemployment in December, helped improve the mood. That was despite continued headwinds for rival Spanish construction and infrastructure giant Sacyr, which is in dispute with Panama over the rising price of widening the Panama Canal.
Next was up over 9.5% at 6,060 pence a share after good Christmas takings prompted the company to lift its earnings guidance for the financial year ending later this month.
The FTSE in London was roughly flat at 6,722.32. In Paris, the CAC40 was up 0.47% at 4,247, and in Frankfurt, the DAX was up 0.2% at 9,418.5. In Spain, the IBEX 35 Composite was up 0.5% at 9808.
In Tokyo, the markets remained closed on Friday, but elsewhere in Asia, there was no sign of the recovery seen in Europe.

With the stronger U.S. dollar and the slowdown in China now spreading to the service sector, greater China markets have been feeling the pinch. Hong Kong's Hang Seng index closed down 2.24% at 22,817.28.  And in Taiwan, the news that German-owned derivatives exchange Eurex is taking a 5% stake in the Taipei futures market operator failed to stop the main index there falling 0.14% on the day to 8,611.51.

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 18,074.64 +44.43 0.25%
S&P 500 2,089.90 +8.02 0.39%
NASDAQ 4,798.6370 +25.1650 0.53%

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