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
TheStreet Open House

European Stocks Get No Lift From Record Highs in New York

LONDON ( The Deal) -- European stock indices were little changed on Wednesday after strong consumer and durable goods data propelled U.S. stock markets to record highs in New York.

In Gaza, Israel and Hamas signed up to an Egypt-brokered ceasefire, while in Ukraine President Petro Poroshenko said his government will prepare a "road map" to end its civil war after Poroshenko's first talks with Russian President Vladimir Putin ended without a breakthrough.

GfK's July consumer confidence index for Germany unexpectedly fell for the first time since January 2013. Meanwhile, import prices fell faster than expected in July, declining 1.7% year-on-year and 0.4% from June, the Federal Statistical Office said.

In London, the FTSE 100 was up 0.08% at 6,828.67. In Frankfurt, the DAX was down 0.06% at 9,582.40. The CAC in Paris was down 0.07% at 4,390.30.

In London, Fyffes was up well over 3% in London after the banana distributor lifted its full-year Ebita target and, together with merger partner Chiquita Brands (CQB) , disclosed that it had found another $20 million of expected synergies from a union that the companies now say could close as early as October.

Discount carrier Ryanair Holdings (RYAAY) gained more than 3% in London after launching a new type of ticket to lure in business customers.

But infrastructure services provider Balfour Beatty, which has rejected a string of takeover proposals from peer Carillion, fell marginally after directors lifted the value of its so-called public private partnership portfolio by 46% to almost 1.1 billion pounds ($1.8 billion).

In Frankfurt, Infineon Technologies  (IFNNY) rose 1.5% to 8.96 euros as Credit Suisse Group analysts initiated coverage with an outperform recommendation and a price target of 10.10 euros.

In Milan, Telecom Italia was up more than 3% after Brazil's OI said late on Tuesday it had hired BTG Pactual to review a potential offer for Telecom Italia's stake in Brazilian wireless services operator TIM Participacoes.

Oslo-listed IT services company Evry surged 27% as it confirmed it has hired ABG Sundal Collier to consider a sale among other "strategic actions" to improve its value. Evry is 70.2%-owned by Norway Post and telecom Telenor ASA.

In Tokyo, the Nikkei 225 closed up 0.09% at 15,534.82.

In Hong Kong, the Hang Seng closed down 0.62% at 24,918.75.

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 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

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