European benchmarks pushed higher Tuesday, extending their earlier gains by a fraction after geopolitical tensions dissipated and amid a thinner flow of earnings and economic new.
With North Korea having seemingly abandoned plans to test fire a missile toward the U.S. overseas territory of Guam, geopolitics fell further from the forefront of the agenda, leaving m&a and ad-hoc company news as the primary driver of price action.
The FTSE 100 had gained 0.31% to 7,377 during the final hour of trading while the CAC 40 in Paris was up 0.40% at 5,142. In Frankfurt, the DAX index was 0.04% higher at 12,171.
In individual stocks, EasyJet (EJTTF) was the top riser in London after gaining close to 5% in response to reports that it could be in the running to buy some of German airline, Air Berlin's (AIBEF) , assets out of bankruptcy. The smaller rival fell into administration Tuesday after backer Etihad Airways pulled financing from the loss making outfit.
The German government said that Lufthansa (DLAKY) and one other airline were in talks over an acquisition of the company while Reuters cited a source when it wrote that both would-be buyers were propelled into action by a desire to prevent the airline's flight routes and other assets falling into the hands of Europe's largest airline, Ryanair (RYAAY - Get Report) . Lufthansa shares also rose close to 5% in Frankfurt while Ryanair added more than 3% in London.
Elsewhere, Shire (SHP) saw its stock rise more than 1% during the session after the drugmaker said it has filed for approval in the EU for its Lifitegrast dry eye treatment.
Yoghurt and flavored water maker Danone (DANOY) was also a top gainer in Paris for the second day running as bid rumours continued to swirl, with the latest reports suggesting that activist investor Corvex could also be involved in the plot.
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