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 Rise as Confidence Gauge Climbs

LONDON (The Deal) -- European stock indices rose on Friday as a gauge of eurozone economic confidence climbed  faster than expected.

The European Commission's statistics arm said its eurozone economic sentiment indicator rose to 102.4 in March, up 1.2 points and well above expectations for an increase of 0.2 of a point.

The DAX in Frankfurt rose 0.94% to 9,539.79 on the last day of a week where the ebb and flow of worries about Ukraine and the related standoff with Russia, and Chinese growth,  have led to significant market volatility.  In Paris, the CAC 40 was up 0.54% at 4,402.51.
Outside the eurozone in London, the  FTSE 100 was up 0.52% at 6,622.41.

In London insurer Brit priced its IPO at 240 pence  per share, towards the bottom of a marketing range, raising 235 million pounds ($390 million) of net proceeds for selling shareholders Apollo Global Management and CVC Capital Partners. The IPO delivers  a debut market value for Brit of 960 million pounds and puts 25% of the company in free float.

Fund managers and life insurers including Aviva, Legal & General Group, Prudential, Standard Life and St James's Place fell sharply  as the Financial Conduct Authority prepared to announce an inquiry into 30 million financial policies sold between the 1970s and 2000. The sector has already been roiled by measures announced in the government's annual budget this week to give retirees more freedom about how they use their pension pots. The changes will stunt the sale of annuities.

Retailer Sports Direct International rose after analysts at Jefferies International  initiated coverage with a buy recommendation, stating that the company "enjoys remarkable international growth prospects."

In Milan restructuring bank Intesa Sanpaolo rose after it posted a 5.19 billion euros ($7.2 billion) fourth-quarter loss after write-downs as investors drew comfort from promised dividend payouts and an improved operating performance.

Asian markets ended the day mostly in the green. In Tokyo the Nikkei 225 closed up 0.50% at 14,696.43. In Hong Kong the Hang Seng gained 1.06% to close  at 22,065.53. Retailer China Resources Enterprise closed up 7.4% and internet company Tencent Holdings,  which sustained heavy losses Thursday, rebounded to rise 2.5% But mainland Chinese indices fell sharply, with the Shenzhen Stock Exchange Composite Index closing down 2.17%.

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,125.39 +18.69 0.11%
S&P 500 2,000.13 +0.11 0.01%
NASDAQ 4,570.7650 +0.1280 0.00%

Brokerage Partners

Rates from Bankrate.com

  • 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