AFX European summary - late Monday, January 22 2007

AFX European summary - late Monday, January 22 2007

	Published : Mon, 22 Jan 2007 19:24 By : Agencies Print this Story

LONDON (AFX) - European markets at close

LONDON (AFX) - Leading shares slipped to a negative close today, weighed down in late afternoon trade by heavy losses on Wall Street and weakness in Pearson and British Airways, dealers said.

The FTSE 100 index closed 18.8 points lower at 6,218.4, while the broader indices were also well below early highs, although the FTSE Small Cap index managed to cling on to positive territory.

FRANKFURT (AFX) - German shares closed lower following weak trading on Wall Street, traders said.

The DAX closed 59.86 points or 0.89 pct lower to 6,687.31, having traded between 6,682.49 and 6,766.57 throughout the day.

The MDAX lost 19.40 points or 0.20 pct to 9,634.59, while the TecDAx gained 5.56 points or 0.70 pct to 796.74.

PARIS (AFX) - Share prices closed lower, retreating from early gains as investors took their cue from opening declines on Wall Street to take profits from the surge seen last Friday, while Alstom climbed sharply on the back of an upbeat CEO interview and a positive brokerage report, dealers said.

The CAC-40 index finished down 34.92 points or 0.6 pct at 5,579.78, on volume of 5.9 bln euro.

AMSTERDAM (AFX) - Shares in Amsterdam closed lower, pulled down by a negative Wall Street and with Philips leading decliners, dealers said.

The AEX closed down 0.71 pct or 3.61 points at 503.51, after opening at 508.40, reaching a high of 509.0 before falling to a low of 502.33.

MILAN (AFX) - Share prices reversed earlier gains to close lower as a negative opening on Wall Street and higher oil prices weighed on sentiment even though some of the big bluechip stocks, including Intesa Sanpaolo and Enel, managed to shine brokers said.

The Mibtel index was down 0.25 pct at 32,334 while the S&P/Mib fell 0.29 pct to 42,002.

MADRID (AFX) - Share prices closed lower, led down by Iberia as M&A talk surrounding the flag carrier faded and by Antena 3, on expectations of negative guidance by the broadcaster due to high operating costs, dealers said.

The IBEX-35 index closed down 38.2 points at 14,359.7, after trading in a range of 14,351-14,500 on volume of 5.6 bln eur.

STOCKHOLM (AFX) - Stockholm shares closed slightly higher, with oil firms leading the market higher in the wake of rising oil prices, dealers said.

The OMX Stockholm index closed up 0.17 pct at 385.79, while the OMX Stockholm 30 index gained 0.07 pct to close at 1,181.35.

ZURICH (AFX) - Shares closed down tracking early losses on Wall Street amid rising oil prices, and with losses in selected heavyweights offsetting the strong gains of Swatch, dealers said.

The Swiss Market Index closed 52.97 points down at 9,102.15, and the Swiss Performance Index was 32.21 points lower at 7,200.17.

BRUSSELS (AFX) - Shares closed little changed, with Barco leading the gainers after the imaging technology group said it is considering selling its Barcovision unit, analysts said.

At the close, the Bel 20 was off 15.72 points or 0.35 pct at 4,457.01.