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

[video] The Deal: European Stocks Mixed Ahead of Fed Minutes

LONDON ( The Deal) -- European stocks were mixed in morning trading on Wednesday, with markets said to be waiting for the latest Federal Reserve minutes to take a view on the timing of further tapering of U.S. market support. Banks and mining stocks were broadly stronger, but retail and the power sector were more uncertain.
 
In London, supermarket chain J. Sainsbury spiked in early trading on better-than-expected Christmas numbers, but then slipped suddenly when its finance director, John Rogers, told analysts that like-for-like results for the full year would likely have grown less than the 1%-1.5% predicted in November. The stock was falling 1.41% to 363.70 pence. Maternity wear and young children's playthings group Mothercare also plunged on a profit warning following poor Christmas trading. Mothercare was down just shy of 30% at 296.50 pence.
 
In Germany, the discounted share placement late Wednesday by private-equity owners Goldman Sachs and Kohlberg Kravis Roberts of a 10.8% stake in forklift truck maker Kion Group, saw that company's stock fall sharply. By late morning, it had recovered slightly, as analysts said a larger free-float would be good for the stock long-term. But was still down 1.9% at 30.17 euros.

In London, the FTSE 100 was down 0.35% at 6731.97, in Frankfurt the DAX was up 0.03% at 9508.86 and in Paris, the CAC40 was down 0.19% at 4255.
 
In Japan, the Nikkei 225 recovered from lows earlier in the week to close up 1.94% at 16121.45. Hong Kong also recovered 1.25% to 22,996.59.

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $125.85 -2.20%
FB $77.62 -1.50%
GOOG $531.81 -1.70%
TSLA $233.09 1.10%
YHOO $41.32 -1.70%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs