Friday November 30, 4:33 AM
European stocks drift out of the red
sg.biz.yahoo.com
European share markets struggled to make headway in late trading as shares recouped earlier losses after US shares made modest gains in early trading on Wall Street.
In London, the FTSE 100 index of leading shares closed nearly unchanged from the previous day, up 0.08 percent at 5,209 points.
The Paris CAC 40 was also little changed, closing up 0.1 percent at 4,445.7 points, while the Frankfurt DAX 30 index eked out a 0.4-percent gain to 4,936.08 points.
Across the 12-nation euro zone, the Euro Stoxx 50 index wilted 0.13 percent to 3,626.98 points.
The euro was buying 0.8875 dollars.
On Wall Street, stocks made modest gains higher on bargain-hunting after a big two-day sell-off.
In early trading the Dow Jones industrial average edged up 0.16 percent while the tech-heavy Nasdaq composite gained 0.89 percent.
The bargain hunters had also been out on Thursday in Asia, where Tokyo stocks regained 0.3 percent on Thursday and Hong Kong share prices firmed 0.2 percent.
After European shares drifted lower in the morning, investors took their cue from US markets in the afternoon, reversing early losses in Europe. |
