• Most Popular
  • Most Shared

Europe stocks extends gains as Wall Street rises

Wed Jul 15, 2009 9:55am EDT

Stocks

   

LONDON, July 15 (Reuters) - Europe stocks extended gains in afternoon session on Wednesday after Wall Street rose in early trade, with banking stocks the biggest gainers.

The pan-European FTSEurofirst 300 .FTEU3 index of top shares was up 1.9 percent at 856.50 points after hitting its day's high of 856.79, while major U.S. indexes .DJI .SPX .IXIC were 1.5-2.1 percent higher.

Intel's (INTC.O) consensus-beating quarterly results and the strong reading in New York State manufacturing survey helped boost investor sentiment.

HSBC (HSBA.L), Banco Santander (SAN.MC), Barclays (BARC.L), Societe Generale (SOGN.PA) and Credit Suisse (CSGN.VX) were up 2.2-3.6 percent. (Reporting by Joanne Frearson)



More from Reuters

Photo

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

» More Top News
A broker waits for a phone call as he trades on the dealing floor at ICAP in Jersey City, New Jersey December 9, 2009. REUTERS/Lucas Jackson

Easy come, easy go

After a run of easy money this year, fund managers cast a wary eye on investment prospects in 2010.  Full Article 

Investment Outlook Summit

"I don't think this is the bottom. We're going to have more problems in the world economy. We're papering over the problems more than anything else."

Well-known investorJim Rogers,
on the sinking greenback and the fundamental problems with the U.S. economy
    Currencies