Author: Elena Todorova
123jump.com
Last Update: 1:29 PM EDT April 04 2007
European stocks closed modestly higher on Wednesday, helped by strength among travel and technology stocks which offset some weakness from oil and gas firms. A decline in the shares of DaimlerChrysler also limited the upward movement. The automaker fell 1.5% after Chairman Zetsche confirmed that there are talks with unidentified buyers for Chrysler. The French CAC-40 added 0.5%, the German DAX Xetra 30 index gained 0.4% and the U.K. FTSE 100 finished flat at 6,364.70.
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