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

European Stocks Are Mixed; Steady Inflation in Eurozone

LONDON ( The Deal) -- European markets were mixed Monday after a relatively strong performance in Asia overnight.

Eurozone inflation was stable at 0.5%. That still leaves the single currency area worryingly close to deflation, economists said, and increases the pressure on the European Central Bank to produce more stimulus measures in the future, in the hope of restarting bank lending. At the same time, the situation in the Middle East was leading to renewed fears of increased oil prices.

London's FTSE 100 was up 0.07% at 6,762.75 while in Paris the CAC40 was down 0.03 at 4,435. Frankfurt's DAX was up 0.32% 9,846.

Pharmaceuticals company Shire (SHPG - Get Report) rose 0.44% to 4,590 pence in London this morning, on news of a $410 million Canadian tax refund, which may strengthen its hand as it fights off a $45 billion bid from Chicago rival AbbVie (ABBV - Get Report).

A big riser this morning was electronics and health care group Amsterdam-listed Philips (PHG), which advanced 3.73% to 23.09 euros, after announcing plans to merge its LED components and automotive lighting divisions into a standalone subsidiary which may eventually be spun off. In Copenhagen, Danish wind-turbines maker Vestas was up nearly 5% on news of two big orders from the United States. Vestas will provide 450MW capacity for wind farms in New Mexico and Kansas.

Meanwhile in Paris, French bank BNP Paribas was up nearly 0.03%, as speculation mounted it may have won a six-months delay to the start of its dollar-clearing ban, although it will likely still face an $8.9 billion fine for U.S. sanctions-busting violations. The delay would help the bank prepare for the ban when it does come into force next year.

In London, small-cap newspaper group Mecom rose 33% to 152.25 pence after Belgian publisher De Persgroep agreed to buy the entire company for 155 pence a share, or 196 million pounds ($333 million).

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
ABBV $60.50 -3.06%
SHPG $221.95 -4.33%
AAPL $107.72 -4.47%
FB $87.23 -2.46%
GOOG $597.79 -3.31%

Markets

Chart of I:DJI
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASDAQ 4,636.1050 -140.4030 -2.94%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs