LONDON -- European markets had a distinctly better feel to them Tuesday morning, with bombed-out technology, media and telecom stocks staging a slight comeback.
by midmorning stood 33.0 points higher, at 6,068.5, after being 93 points up at best. The
rallied 47.2 points to 2,974.4. Since hitting a record 5,743.3 on March 6, the technology index has been shelled by a 49% drop.
led the telecom sector higher, with the shares rallying 12p to 254.5 ($3.77).
moved up 24p to 882, and
gained 50p to
Leading the revival in the techs was
, which jumped 38p to 406.
rose 26p to 510,
BATM Advanced Communications
advanced 250p to
moved up 125p to
Among media stocks,
posted pretax profits of
254 million, beating market estimates, and the shares responded with a gain of 7.5p to 576.
improved 30p to
rose 51p to
Tradepoint Financial Networks
edged forward 0.5p to 151.5 on news that the company has entered an exclusive agreement with the Swiss stock exchange to set up a trading platform for European equities.
Most of Europe's other stock markets were in positive territory early Tuesday, as they rebounded from Monday's late selloff. The
in Frankfurt was up 60.64 at 6,973.60 and the
in Paris was 78.37 higher at 6,172.54. The Neuer Markt's
index was up 167.66 at 6,181.95.
In Frankfurt, big techs were some of the biggest gainers, as
rose 4.35 euros to 146.45 ($132.18),
was up 3.45 euros at 130.20, and software maker
climbed 19.40 euros to 554.00.
German financial stocks were mixed, with
up 1.06 euros at 81.56 and
up 0.29 euros at 42.27, while
was down 0.02 euros at 38.87 and insurer
fell 19.00 euros to 383.50.
rose 2.63 euros to 58.78 and
was up 0.58 euros at 21.14.
climbed 5.30 euros to 137.80, after announcing it would sell back a 1.8% stake of DT to Germany's development bank.