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October 1, 2005 Saturday Sha'aban 26, 1426


European stocks


LONDON, Sept 30: European shares closed near 40-month highs on Friday as rising semiconductor makers such as Infineon and STMicroelectronics buoyed and as Wall Street seemed to weather gloomy economic data.

The FTSEurofirst 300 index of pan-European blue chips gained 0.3 per cent to 1,228.7 after earlier rising to 1,231.15, after data showed US consumer sentiment had worsened even more than expected in September and that inflation had climbed in the world’s biggest economy.

Britain’s FTSE 100 was steady around 5,477.7, Germany’s DAX added 0.46 per cent to 5,044.12 and France’s CAC 40 was up 0.46 per cent to 4,600.—Reuters



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