Low Graphics Site
White bar
.: Latest News :. .: News in Pictures :.
Daily SectionMarker

Misc SectionMarker

Horoscope Recipes Weekly SectionMarker

Weekly SectionMarker



Pakistan's Internet Magazine
Herald
Dawn GroupMarker

Archive, Search, Feedback & HelpMarker

Weather

Dawn Classified



FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon TV Guide Cowasjee Ayaz Irfan Hussain Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

DINA
Previous Story DAWN - the Internet Edition Next Story

January 31, 2006 Tuesday Muharram 1, 1427





European stocks


LONDON, Jan 30: European shares hovered just shy of 4-1/2 year highs on Monday, with a shake-up in the steel sector dominating for a second straight session, and as investors digested the latest batch of corporate earnings.

Steelmaker Arcelor topped gainers as investors speculated Mittal may have to raise its bid, while oil stocks also rose as crude headed towards $68 a barrel.

French drugmaker Sanofi-Aventis sank 1.5 per cent on news of an in-line earnings-per-share outlook, while Italian carmaker Fiat gained after its trading profit beat fore-casts.

The FTSEurofirst 300 index of top European shares was 0.1 per cent weaker at 1,318.41, after touching a fresh 4-1/2 year high at 1,320.90.

Sentiment is too bullish, people are running behind stocks in a speculative way. There’s a lot of M&A activity, Arcelor is still playing out, and people are looking for the next target, said Philippe Gijsels, senior equity strategist at Fortis Bank.—AFP






Previous Story Top of Page Next Story

Seprater
Contributions
Privacy Policy
© DAWN Group of Newspapers, 2006