European Shares Turn Higher; Asia Mixed - TheStreet

European Shares Turn Higher; Asia Mixed

European shares rose and Asian stocks ended mixed Thursday.
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Publish date:

Updated from 4:58 a.m. EST

NEW YORK (

TheStreet

) -- European shares turned higher Thursday after trading mixed earlier. Asian stocks ended mixed.

In Europe, London stocks rose by 0.6%, while shares in Frankfurt and Paris gained 0.4%.

In European corporate news, German car and truck maker

Daimler

(DAI)

reported a wider-than-expected fourth-quarter loss of 352 million euros ($478 million), and said it won't pay a dividend for 2009. Daimler shares were trading lower by about 7%.

Societe Generale

, France's second-largest bank, said its fourth-quarter earnings more than doubled from a year earlier. U.K. defense company

BAE Systems

reported a 2009 loss of 67 million pounds ($104.7 million) as it recorded impairment charges of about 1 billion pounds.

The Nikkei 225 average in Tokyo rose 0.3% Thursday to close at 10,335.69. The Hang Seng in Hong Kong fell 0.5% to 20,422.15.

Premarket futures in the U.S. suggested stocks would open mixed Thursday on Wall Street.

On Wednesday, the

Dow Jones Industrial Average

rose 0.4% to 10,309.24. The

Nasdaq

composite gained 0.6% and the

S&P 500

rose 0.4% to 1,099.51.

-- Reported by Joseph Woelfel in New York.

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