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

The Deal: European Stocks Slip, Asian Shares Finish Mixed

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 - Get Report) 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.

Must Read: The Deal: European, Asian Stocks Follow Wall Street's Lead Lower

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.

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
ARMH $40.33 -1.30%
NOK $5.76 -1.10%
AAPL $94.30 -0.92%
FB $118.08 0.55%
GOOG $695.81 0.50%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs