|
|
|
|
|
| |
Europe Closes Mixed |
|
| |
3:12 PM EDT October 24 2006 |
|
|
| |
European stock markets finished mixed due to cautious trading ahead of the Fed Reserve’s decision on interest rates. London FTSE 100 gained 0.27% at 6,182.50 points, hitting a new record high since 2001. Mining stocks declined on lower commodity prices. Anglo American tumbled 1.49%, while BHP Billiton lost 0.59%. BHP Billiton''s production update failed to impress traders, despite a record high level of aluminum production. Elsewhere in London, shares in household products maker Reckitt Benckiser rose 5.64% on better-than-expected Q3 results. The German DAX 30 added 0.07% to finish at 6,247.52 points. The French CAC 40 fell 0.13% to close at 5,404.54 points. Shares in telecom equipment maker Alcatel closed up 7.19%, helped by strong results from U.S. merger partner Lucent. Alcatel delivered lower-than-expected Q3 results because of a fall in profitability in its mobile division.
|
|
|
| |
|
|
|
