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Europe Roundup: Banks lead gains
by hlk Fri 26 Aug 2011, 08:10
PARIS: European stocks were higher yesterday, ahead for a fourth day as investors looked for bargains among beaten-down banking and cyclical stocks, in thin markets ahead of the Jackson Hole central bank conference.
The FTSEurofirst 300 index of top European shares was up 0.4 per cent at 940.56 points at 1130 GMT.
In midday trade, London's FTSE 100 index added 0.11 per cent to 5,211.49 points, Frankfurt's DAX 30 index gained 0.80 per cent to 5,726.65 points and in Paris the CAC 40 was up 0.87 per cent to 3,166.99 points.
Investors remained cautious on the banking sector, and the European equity market in general, as a ban on short selling of shares of financial institutions and related derivatives in some markets was due to expire today. - Agencies
The FTSEurofirst 300 index of top European shares was up 0.4 per cent at 940.56 points at 1130 GMT.
In midday trade, London's FTSE 100 index added 0.11 per cent to 5,211.49 points, Frankfurt's DAX 30 index gained 0.80 per cent to 5,726.65 points and in Paris the CAC 40 was up 0.87 per cent to 3,166.99 points.
Investors remained cautious on the banking sector, and the European equity market in general, as a ban on short selling of shares of financial institutions and related derivatives in some markets was due to expire today. - Agencies
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