Author: Elena Todorova
123jump.com
Last Update: 1:01 PM EDT April 03 2007
European stocks posted gains on Tuesday, helped by news that German utility giant E.On will abandon plans to buy Spain''s Endesa. Shares of Acciona rose 5.9%, Enel added 1.3% while Endesa eased 0.8%. The mining sector also provided support as copper prices advanced. Rio Tinto and BHP Billiton helping the resource sector to advance more than 2%. The German DAX 30 increased 1.6%, the French CAC-40 index rose 1.2%, and the U.K. FTSE 100 closed up 0.6%.
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