Europe: Marts mostly flat

Business Times

LONDON: Europe’s main stock markets mostly flattened yesterday, with some support coming from gains across Asia and on Wall Street despite poor United States growth data, analysts said.

London’s FTSE 100 index of top companies rose 0.11 per cent to stand at 6,740.73 points around midday in the British capital. Frankfurt’s DAX 30 was flat at 9,867.99 points and Paris’ CAC40 was also unchanged at 4,460.63 compared with Wednesday’s closing levels.

“European shares are trading little changed to slightly higher, receiving a boost from firmer markets overnight in the United States and Asia,” said Markus Huber, senior analyst at traders Peregrine & Black.

At 1110 GMT, the FTSEurofirst 300 was up 0.1 per cent at 1,373.20 points, recovering from a one-month low hit on Wednesday following a downward revision of US first-quarter gross domestic product.

The data had sparked a pull-back in European bourses on Wednesday — with the FTSEurofirst 300 ending 1.1 per cent lower. Agencies

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