This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Deal: European Stocks Slip, Asian Shares Finish Mixed

Stocks in this article: ARMH NOK MSFT

LONDON (The Deal) -- European stocks started Tuesday in modestly negative territory following mixed action in Asia overnight. Worries over heightened tension in the Ukraine still simmered, but tech stocks bounced back fromMonday's selloff, with British chip designer ARM Holdings  (ARMH) leading the pack in London, with a bounce back of over 1.3% and mobile phone maker Nokia  (NOK) up 2.9% in Helsinki on news that China's regulators have approved its sale to Microsoft (MSFT), clearing the way for the merger to go ahead this month.

Even the news of a stronger than expected rise in U.K manufacturing in February failed to relieve the wider gloom in London, where financial advisers such as Hargreaves Lansdowne and St. James's Place fell following criticisms of their practices by the Financial Conduct Authority. And Sports Direct -- a pile 'em high sell 'em cheap retailer -- fell 6.6% to 834.5 pence on news that it's controversial founder Mike Ashley sold 200 million pounds ($334 million)  of stock.

In Paris, there was speculation that the conglomerate Bouygues SA might sell France's No. 3 wireless services provider to Iliad SA, the No. 4, following its failure to buy Vivendi's SFR wireless at the weekend. That Plan B notion pushed Bouygues up  2.6% to 29.7 euros and Iliad up 1.2% to 201.0 euros. Also in Paris, the world's no. 2 supermarket chain Carrefour S , fell 2.2% to 28.5 euros on news that the Moulin family, which owns the department store Galleries Lafayette, has taken a 6.1% stake.

In London, the FTSE 100 was down 0.56% at 6,585, while in Paris the CAC40 was down 0.52% at 4,413. In Frankfurt, the DAX was down 0.08% at 9,503.

Tokyo's Nikkei225 closed down 1.36% at 14,606.88, after the Bank of Japan held off from further monetary easing. But Hong Kong's Hang Seng index was up almost 1% at 22,596.97, led by mainland Chinese chips, more than recovering from Monday's fall and reflecting hopes of further economic stimulus from Beijing. In China, the Shanghai Composite closed up 1.92% at 2,098.28.

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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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