CORRECTED - European shares mixed as commods offset weak banks
(Corrects range of percentage falls for banks in ninth paragraph)
LONDON Oct 20 (Reuters) - European shares were mixed in early trade on Tuesday, pausing for breath after hitting a one-year high in the previous session, as third-quarter earnings continue to beat expectations. At 0711 GMT, the FTSEurofirst 300 .FTEU3 index of leading European shares was flat at 1,026.23 points.
On Monday, the index rose 1.7 percent to 1,026.46, its highest close since Oct. 3, 2008. The index is up 59 percent from its lifetime low of March 9, as investors have become more confident on the prospects of economic recovery, and as corporate earnings have beaten forecasts.
Both Texas Instruments TXN.N and Apple (AAPL.O) posted forecast-beating results after the close on Monday, reflecting improving consumer sentiment.
Energy shares were among the biggest risers on Tuesday, after crude oil futures CLc1 soared to more than $80 a barrel, hitting a one-year high as the dollar weakened.
Total (TOTF.PA), BP (BP.L) and StatoilHydro (STL.OL) rose between 0.6 and 1.1 percent. The weak dollar also saw gold prices rise to more than $1,065 an ounce, close to last week's record highs.
Miners on the rise included Anglo American (AAL.L), BHP Billiton (BLT.L), Rio Tinto (RIO.L) and Xstrata (XTA.L), up between 1 and 1.6 percent.
Banks, strong risers on Monday, lost ground. Credit Suisse (CSGN.VX) and HSBC (HSBA.L) fell between 0.8 percent and 1.2 percent.
Japan's Nikkei average .N225 rose 1 percent to hit its highest close in three weeks on Tuesday, buoyed by tech shares such as Kyocera Corp (6971.T) after a wave of solid U.S. earnings helped underscore that the economic recovery continues.
"Apple and Texas, and stronger gold and oil" would help European shares, said Bernard McAlinden, investment strategist at NCB Stockbrokers.
"And as long as the 10-year Treasury bond yield stays stable, you're in a sweet spot." (Reporting by Brian Gorman)
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