AFX European summary - midday, 25-01-2007 |
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Thu, 25 Jan 2007 13:43
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LONDON (AFX) - AFX European summary - middayLONDON (AFX) - Leading shares remained firmer at midday, but off highs as weakness in the utilities sector weighed following a downbeat broker note, and with Wall Street unlikely to offer more momentum as the Dow is seen opening flat, dealers said.At 12.11 pm, the FTSE 100 index was 7.6 points ahead at 6,322.4, having hit highs of 6,335.1 midmorning, while the broader indices were also positive.FRANKFURT (AFX) - German shares were slightly up in midday trade, led by Siemens which rallied after releasing strong Q1 figures and following overnight gains on Wall Street, brokers said.At 12.02 pm, the DAX 30 index was up 8.41 points or 0.12 pct at 6,756.78, after moving between 6,734.05 and 6,771.42 in this session so far.PARIS (AFX) - Paris blue chips were up slightly at midday led by strong gains for Pernod Ricard after better than expected fourth-quarter sales which, together with yesterday's rise on Wall Street, outweighed losses for several other stocks.At 12.23 pm, the CAC-40 was up 3.96 points or 0.07 pct at 5,642.04.AMSTERDAM (AFX) - Share prices were slightly higher in early afternoon trade, recovering from its mid-morning dip into the red on the back of an unexpected fall in the German Ifo business survey indicator, dealers said.At 1.13 pm ,the AEX index was up 0.52 pct at 507.07 after falling to an intraday low of 505.42.MILAN (AFX) - Share prices were slightly higher at midday with focus on STMicroelectroncis after better than expected results from Nokia and the market snubbing Fiat after results that were broadly in line with analysts' forecasts, dealers said.At 12.45 pm the Mibtel index was up 0.12 pct at 32,703 while the S&P/Mib rose 0.14 pct at 42,625 on volumes of some 2.83 bln eur.MADRID (AFX) - Share prices were higher midday, tracking other European markets and with investor attention focused on the Endesa bidding war after Acciona said it believes E.ON's offer significantly undervalues the utility, dealers said.At 12.20 pm, the IBEX-35 index gained 52.1 points to 14,590.7, on volume of about 2.7 bln eur.ZURICH (AFX) - Share prices were slightly higher in quiet afternoon trade with fresh buying interest for Roche and banking stocks offsetting a weakness in Nestle, dealers said.At 1.20 pm, the Swiss Market Index was 25.60 points higher at 9,178.70, and the Swiss Performance Index up 20.16 points at 7,260.19.STOCKHOLM (AFX) - Shares remained in slightly positive territory in midday trade, with Hennes & Mauritz and Nokia holding on to this morning's sharp gains sparked by their better-than-expected fourth quarter results, dealers said.At 12.25 pm, the OMX Stockholm index was up 0.76 pct at 388.41, and the OMX Stockholm 30 was up 1.11 pct at 1,190.98.Top StoriesFRANKFURT (AFX) - The Ifo institute said its business climate index for Germany slipped to 107.9 in January from 108.7 in December, falling short of expectations and indicating a brief pause in the country's economic recovery.Economists polled by AFX News had forecast the index to increase slightly to 108.9, after it hit a 16-year high in December.Ifo, which polled around 7,000 companies in Germany for its survey, said firms had become less confident about the current business situation.
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AFX European summary - midday 