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February 09, 2008 Saturday Safar 01, 1429





European shares mixed


LONDON, Feb 8: Europe’s main stock markets closed mixed on Friday, after a choppy week, with London buoyed by the mining sector due to higher commodity prices.

The London FTSE 100 index of leading shares rose 1.05pc to finish at 5,784.00 points. The CAC 40 in Paris fell 0.30pc to 4,709.65 and in Frankfurt the Dax rose 0.50pc to close at 6,767.28.

The DJ Euro Stoxx 50 index of leading eurozone shares was up 0.05pc at 3,701.17 points.

“It is a quiet day today with the FTSE 100 just treading water not knowing whether to stay up or down,” said Manoj Ladwa, derivatives broker at Tradindex.

European stock markets had fallen sharply on Thursday after the ECB hinted that it would not rush to cut interest rates despite widespread fears of an economic slowdown.—AFP






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