Global Newsbrokers Stockmarket Service
European stockmarkets morning at 10:46:03
EUROPE SHARES FIRM AFTER WALL ST RISE
Thursday, January 13
Moderate gains are being seen in
Europe this morning in reaction to
last night's recovery and firmer close
on Wall Street. Solid results and an
upbeat outlook from Apple are also
helping, while today's ECB meeting is
seen as being a non-event.
EADS is higher in Paris as it
forecasts 2005 EBIT of over 2.4bn
euros compared with an expected 2.3bn
for 2004. Arcelor is firmer as it is
lifted by news of doubled quarterly
profits at South Korean peer Posco,
partly on the back of higher steel
prices. Schneider Electric is up on
a strong operating margin target for
2005-08 of 12.5-14.5 per cent. But
Carrefour is lower on profit-taking
after yesterday's gains, while Casino
is softer on a downgrading. The CAC-
40 index was up 18.06 at 3,834.20.
A modestly firmer tone is being seen
in Zurich as light bargain-hunting
follows yesterday's losses. Wall
Street's rebound is helping, but the
dollar's weakness is not. The SMI was
up 9.8 at 5,679.4.
Share prices in Milan are also firmer
after Wall Street's advance, but here
too currency factors are keeping a lid
on gains. The MIBTel index was
trading 65 points firmer at 23,554.
Technology and financial issues are
leading the Dutch bourse higher.
Philips and ASML are up on US factors,
while Aegon, ABN Amro and ING are also
firmer. Ahold is higher as a 3 per
cent fall in Q4 sales to 12.3bn euros
was better than expected. The AEX
index was up 1.00 at 351.10.
Main index