French stocks surged on Tuesday

Source: Dukascopy Bank SA
© Scanpix/Reuters
French shares are trading sharply higher on Tuesday after the largest European companies reported upbeat quarterly results. Meanwhile, investors are cautious as US markets remained closed because of Hurricane Sandy. The CAC 40 Index surged 1.36% to trade at 3,455.50. All sectors included in the index jumped. The top-performers were oil and gas producers and basic materials companies. Technip and GDF Suez added 0.67% and 1.15% despite weak crude oil prices. Among basic material producers, Arcelormittal and Solvay climbed 2.26% and 1.57%. Banks also moved higher, with BNP Paribas and Societe Generale gaining 0.90% and 1.52%.


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Tue, 30 Oct 2012 19:15:59 GMT

European stocks rise on positive earnings

European stocks rebounded on Tuesday as traders cheered positive corporate earnings despite a pause in trading created by hurricane Sandy. The FTSE 100 added 0.93% to 5,848.74 points, the DAX 30 soared 1.10% to 7,282.12 points and the CAC 40 jumped 1.35% to 3,455.03. The IBEX 35 gained 0.99% to 7,805.10 points.

Tue, 30 Oct 2012 17:47:59 GMT

German equities rise as Deutsche Bank soars

German shares were bullish on Tuesday on better-than-expected quarterly results of Deutsche Bank. However, persistent uncertainty over whether Spain will apply for a bailout and whether Greece with meet its budget targets restricted an upward trend of German blue chips. The DAX Index surged 1.08% and is currently trading at 7,280.66. Seven out of nine sectors included in the index

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