LONDON -- At first glance, it was another damp, miserable day in London. The
struggled to make headway in either direction, and as lunchtime approached, the index stood 6 points higher at 6271.
The tech sector managed to stage some kind of a bounce this morning. Whether this is sustainable probably depends on how the
Nasdaq Composite Index
performs this afternoon. The
was up 40.03 points to 3633.32.
Optical component manufacturer
gained 85p to
28.90 ($41.87), while chip designer
gained 16p to 683. Even online auction site
attracted a few buyers, as it rose 2p to 37.
In the main index,
took an early tumble on press reports that it is not about to imminently break itself up. However, as lunchtime approached, it recovered to stand just 2p lower at 734. Fellow telecom Colossus
added 4p to 247.
posted gains on the back of higher crude prices. BP added 15p to 625.5, while Shell rose 14p to 584. Shell, together with the U.S.
, is to buy New Zealand's
Fletcher Challenge Energy
division for $1.84 billion.
shed 56p to
17.39, but looked to be approaching levels where many will be tempted to dip their toes back into the water.
Royal Bank of Scotland
also got heavily marked down. The shares stood down 69p to
Europe's other major stock markets were higher early Tuesday, as the
in Paris was up 57.92 to 6168, and the
in Frankfurt was up 22.87 to 6703.7. The
index, however, was 103.8 lower at 4441.4.
surged 2.25 euros to 54.00 ($46.88) after
Credit Suisse First Boston
rated the company's shares a buy. Rival
was near unchanged at 55.44 euros.
dropped 1.15 euros to 58.45, after the utility said it expected earnings to drop due to falling electricity prices.
Telecom shares were mixed across the Continent, as
fell 4.00 euros to 104.50 amid continuing reports it will bid for
, which was up 2.90 euros, or 7.3%, to 42.90.
was up 0.43 euro to 37.94, and
was up 0.21 euro to 22.76.