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Insurers Lift European Markets |
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Author: Elena Todorova
123jump.com
Last Update: 1:29 PM EST February 26 2007
European stocks finished Monday trading session in the positive, boosted by gains for insurance, oils and metal stocks. Earnings-related gains from companies such as Associated British Foods and insurer Old Mutual also contributed to the upward move. The German DAX 30 rose 0.5%, helped by Allianz, up 3% and Munich Re, up 2.5%. The French CAC-40 climbed 0.8%, lifted by 3.9% from steel giant Arcelor-Mittal. The U.K.''s FTSE 100 rose 0.5%, helped by mining shares. |
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