LONDON -- Europe's markets ended higher Tuesday in a session dominated by venerable market elders such as chemical and mining stocks, while technology stocks were largely ignored.
managed to hold onto early gains to close 50 points higher, or 0.8%, at 6438. Volume was thin, as many punters stayed on the sidelines waiting for a sign from the U.S.
In mining stocks,
closed 7.6% higher at 263p ($3.84) as aluminum prices continued to rise.
also sparkled as weary investors switched out of tech stocks. Anglo shares ended the day 130p higher, or 3.6%, at
37.60, while Rio closed 55p higher, or 5.2%, at
Chemicals stocks also benefited from renewed enthusiasm for traditional stocks.
rose sharply on strong results from French rival
. Shares in the industrial gas group surged 5.8% to end the day 53p up at 960. Similarly,
followed up Monday's strong performance to hit a session high of 446p before retreating to close down 1p at 422.
The biggest fall on the main index came from
, which slipped 43p, or 4.6%, to 890p, after announcing delays in its new asthma drugs. Merger partner
was deemed guilty by association and was also stung by the
U.S. Food and Drug Administration's
announcement that it would investigate Glaxo's irritable-bowel product Lotronex. The share price fell 84p, or 4.1%, to
In tech stocks,
made a respectable debut on the London stock market. The stock climbed 5.2% on its listing price to end the day at
35.40 and is expected to be included in the FTSE 100 index when the index is reshuffled in December.
It was a pretty quiet day in telcos. Investors are still happy with
Cable & Wireless
, despite the CEO's statement today that he wouldn't return any of the
4 billion cash the company holds to shareholders, but will invest in new businesses. The stock advanced 11p, or 1.1%, to 975.
Most of Europe's other stock markets also ended higher, as the
in Paris closed up 100.8, or 1.6%, to 6397.7 and the
in Frankfurt was up 126.5, or 1.8%, to 7053.1 late in German trading. However, the
index was down 71.7, or 1.5%, to 4680.2.
French telecom equipment maker
closed up 0.90 euros, or 1.3%, at 71.90 ($60.46), after posting solid third-quarter earnings.
Elsewhere in Paris,
fell 4.30 euros, or 3.4%, to 123.20, and
rose 3.50 euros, or 2.1%, to 168.60.
fell 0.11 euros, or 0.3%, to 43.90, after presenting third-quarter earnings in line with expectations.
German carmakers surged as Old Economy stocks returned to favor.
rose 2.60 euros, or 4.6%, to 58.70, and
jumped 2.22 euros, or 4.3%, to 54.25.