AFX European summary Friday, January 19 2007 |
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Published
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Fri, 19 Jan 2007 18:58
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LONDON (AFX) - European markets at closeLONDON (AFX) - Leading shares closed higher today, albeit below the late afternoon peak, having recovered from earlier falls aided by a rally on Wall Street and with ongoing M&A chatter providing support in London, dealers said.At the close, the FTSE 100 index was 26.9 points firmer at 6,237.2, below an earlier peak of 6,243.3, having bounced off the morning low of 6,178.0.FRANKFURT (AFX) - German shares closed higher today after a flat development in the afternoon. Positive economic growth data from the US and the expiry of several options pushed the DAX to a six year high.The DAX closed 57.55 points higher, or 0.86 pct, at 6,747.17, having traded between 6,651.68 and 6,754.55 throughout the day.The MDAX added 103.88 points or 1.09 pct to 9653.99, but the TecDAx lost, dropping 2.09 points or 0.26 pct to 791.18.PARIS (AFX) - Share prices closed sharply higher, recovering from three straight days of declines as investor confidence was bolstered by a raft of encouraging news on the French corporate front, with Vinci surging on speculation it could become a bid target, dealers said.The CAC-40 finished up 59.66 points or 1.1 pct at 5,614.70, on strong volume of 7.7 bln euro. On the week, the benchmark index slipped 0.05 pct from last Friday's close.AMSTERDAM (AFX) - Amsterdam shares closed higher, mirroring a stronger Wall Street, while Hagemeyer rose on the solid results of a market peer, dealers said.The AEX closed 0.31 pct or 1.59 points higher at 507.12, after trading in a range of 502.75-507.19.MILAN (AFX) - Share prices closed higher, extending earlier gains, and led by AEM on speculation of a merger with ASM Brescia, and by Fiat after broker upgrades ahead of its results next week, brokers said.The Mibtel index rose 0.93 pct to 32,416 while the S&P/Mib added 0.99 pct to 42,123.MADRID (AFX) - Share prices closed higher, just off intraday highs, in heavy future-driven volumes and amid bargain hunting after three consecutive days of losses, with Sacyr soaring, while Gamesa slipped lower, dealers said.The IBEX-35 index closed 132.6 points higher at 14,397.9, after trading in a range of 14,182-14,398 on volume of 10.4 bln eur.STOCKHOLM (AFX) - Stockholm shares closed slightly higher, with SEB and Tele2 leading the market higher on the back of merger speculation, dealers said.The OMX Stockholm index closed up 0.47 pct at 385.12, while the OMX Stockholm 30 index gained 0.59 pct to close at 1,180.57.ZURICH (AFX) - Share prices closed higher off earlier lows as pharma heavyweights recovered and Wall Street moved into green territory, dealers said.The Swiss Market Index closed 55.77 points up at 9,155.12, and the Swiss Performance Index closed 35.35 points higher at 7,232.38.BRUSSELS (AFX) - Shares closed higher, boosted by Wall Street gains, with trading marked by a drop for supermarket Colruyt, traders said.At the close, the Bel 20 was up 5.34 points or 0.12 pct at 4,472.73.
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Banking and insurance highlights to 15:45 GMT 