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

[video] The Deal: European Markets Edge Higher

LONDON (The Deal) -- European markets edged higher Tuesday amid divergent economic data, while Asian stock indices closed mixed.

In London, the FTSE was up 0.28% at 6,749.39, while in Frankfurt the DAX gained 0.26% to 9,452.20. In Paris, the CAC 40 edged up 0.20% to 4,235.88.

Eurozone consumer price inflation slowed to an annual pace of 0.8% in December from 0.9% the month before, according to preliminary data from the European Commission's statistics arm; the figures matched consensus forecasts.  A falling inflation rate was the heart of the European Central Bank's shock decision in November to slash rates to 0.25%.

On a brighter note, German government figures showed that  unemployment in Europe's biggest economy  fell by a seasonally adjusted 15,000 in December to 2.97 million,  the largest decline in two years. The consensus forecast was for the ranks of jobless to drop only marginally. The unemployment rate remained level at 6.9%. In the U.K., meanwhile, an auto industry report showed 2013 new car sales rose to their highest since 2007 in further evidence of the country's consumer recovery.

In Copenhagen, shares in container shipping company AP Moller-Maersk got a boost on plans to sell a stake in its supermarket business to local co-owners  and  book a gain of about 14 billion Danish kroner ($2.6 billion).

In Paris, chemicals maker Air Liquide lost ground after UBS downgraded its recommendation to sell from neutral and reduced its price target.

In Hong Kong, Wal-Mart (WMT) supplier Li & Fung closed up 9.6% after a trading update stated that it had a "solid" end to  2013, and that it expects to hit its target of restoring  profitability back to 2011 levels after earnings declined in 2012.  It is working on a three-year plan, which it will present to investors in March.

The Hang Seng in Hong Kong rose 0.13% to 22,712.78. In Tokyo, the Nikkei dropped 0.59% to 15,814.37 as the yen retreated from a five-year low against the dollar.

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
AAPL $93.65 -0.66%
FB $101.93 0.92%
GOOG $681.92 -0.32%
TSLA $150.01 4.40%
YHOO $26.75 -1.30%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs