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

The Deal: European Shares Rise Ahead of U.S. Jobs Data

LONDON ( The Deal) -- European markets floated gently into positive territory on Friday despite a very mixed picture in Asia overnight.

Better-than-expected German factory order figures in February and continued strength in U.K car sales suggested further growth in two of Europe's largest economies. But most attention remains focused on U.S. job creation figures due out Friday. It's assumed that the Federal Reserve's thinking on monetary policy and the taper will be influenced by nonfarm payroll figures.

Worries about the speed of the taper also played into some of the uncertainty in Asia, which followed Wall Street's pre-close hesitations of Thursday. But there was also postive news in a sharp rise in Australia's exports of iron ore to China in March, which suggests Beijing's most recent stimulus measures were well anticipated by Chinese steelmakers.  Australia's ASX 200 index closed up 0.24% at 5,422.83, while in Tokyo the Nikkei 225 was down 0.05% at 15,063.77

In London, the better mood for industrial metals and ores pushed mining stocks up. Budget airline EasyJet, which recorded a 91.5% passenger load factor in March and has generally outdone its rivals, was up 2.34% by mid-morning at 1,834 pence. Royal Bank of Scotland (RS) won a rare boost from the market for luring away Credit Suisse investment banker Ewen Stevenson to be its new CFO. The RBS stock was up 1.4% at 318.30 pence.

In Spain, Banco Popular moved the market with the news that it was in talks to acquire Citibank's (C - Get Report) Spanish credit card and retail banking business. Citi has 45 branches in Spain. By the end of the morning in Madrid some of the gloss had come off that announcement, but Banco Popular was still up 0.34% at 5.87 euros.

Must Read: April 3 Premarket Briefing: 10 Things You Should Know

In London, the FTSE 100 was up 0.39% at 6,675, while in Paris the CAC40 was up 0.23% at 4,459. Frankfurt's DAX index was up 0.34% at 9,661.35, while in Madrid the IBEX 35 had fallen back just below Thursday's closing level at 10,577.

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
C $55.37 -0.56%
RBS $11.37 0.89%
AAPL $126.44 -0.13%
FB $87.28 0.43%
GOOG $523.40 0.30%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs