Investors Shrug Off a Rapidly Rising Euro
European stocks were mixed in early trading Tuesday as regional corporate earnings continued to impress and investors attempted to shrugg-off a rapidly rising euro and higher global oil prices.
The region-wide Stoxx Europe 600 index, the broadest measure of share prices, was marked 0.2% higher in the opening 30 minutes of trading as energy and commodity stocks lead gains for national benchmarks. Britain's FTSE 100 gained 0.33%, with oil major BP plc (BP) - Get Reportrising to near the top of the leaderboard after better-than-expected second quarter profits and dividend maintenance.
Germany's DAX performance index, however, slipped 0.1 in the opening half hour as the surging euro raised investor concern over slowing export growth.
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