AFX European summary

AFX European summary

	Published : Tue, 16 Jan 2007 18:58 By : Agencies Print this Story

LONDON (AFX) - European markets at close

LONDON (AFX) - Leading shares closed sharply lower today, with oils, miners and retailers

dragging the FTSE 100 down in late deals, while a cautious morning by Wall Street also weighed on sentiment, dealers said.

The FTSE 100 index closed 47.8 points lower at 6,215.7, while the broader indices were also all lower apart from the techMARK.

FRANKFURT (AFX) - Shares closed lower as a lacklustre start on Wall Street weighed on sentiment, with Deutsche Boerse and Adidas posting the biggest losses, dealers said.

At the close, the DAX 30 index was down 14.92 points or 0.22 pct at 6,716.82, after having moved between a low of 6,705.21 and a high of 6,746.63. The MDAX lost 27.74 points or 0.29 pct to 9,568.52, while the TecDAX rose 4.00 points or 0.51 pct to 790.84.

The DAX futures contract was 14.50 points or 0.21 pct lower at 6,755.00, while bund futures were at 115.41, up 0.13 points.

PARIS (AFX) - Share prices closed lower on profit-taking after three straight sessions of gains and amid a lacklustre start to trade in the US, dealers said. Oil stocks sank after a fresh slide in crude prices.

The CAC-40 index ended down 39.54 or 0.70 pct at 5,591.54 on volume of 5 bln eur.

AMSTERDAM (AFX) - Shares in Amsterdam closed lower tracking a lower Wall Street while Buhrmann soared on a positive broker's note, dealers said.

The AEX closed 0.57 points or 0.11 pct lower at 504.81, after opening at 505.94 and trading in a range of 504.25-506.72.

MILAN (AFX) - Share prices ended lower on profit taking following yesterday's historical highs, as Fastweb slumped as speculation of a possible takeover bid faded and energy stocks suffered from the continuing fall in oil prices, dealers said.

The Mibtel index closed down 0.45 pct at 32,349 while the S&P/Mib fell 0.45 pct at 42,115.

MADRID (AFX) - Share prices closed lower after an uncertain start on Wall Street and amid profit taking as leading blue chips slipped lower from earlier gains, while Endesa and Acciona held on to strong increases, dealers said.

The IBEX-35 index closed 61.1 points lower at 14,355.6, after trading in a range of 14,314-14,482 on volume of 7.1 bln eur.

STOCKHOLM (AFX) - Stockholm shares closed slightly lower on profit-taking after yesterday's sharp gains, with the miners sharply underperforming in the wake of weaker metal prices, dealers said.

The OMX Stockholm index closed down 0.08 pct at 382.67, while the OMX Stockholm 30 index slipped 0.28 pct to close at 1,170.63.

ZURICH (AFX) - Share prices closed lower in thin trade, in line with other European markets, as investors opted for profit-taking after recent record-breaking sessions and ahead more earnings news later in the week, dealers said.

At the close, the Swiss Market Index was 28.65 points lower at 9,073.00, and the Swiss Performance Index was down 16.70 pointsat 7,171.38.

BRUSSELS (AFX) - Shares closed down as Wall Street was flat and pharmaceutical group UCB slipped, traders said.

The Bel 20 closed down 25.83 points or 0.57 pct at 4468.28.