Europe Sinks On Profit Taking

Inflationary concerns were back as the latest manufacturing data from the Philadelphia Federal Reserve were unexpectedly strong. That influenced an already thin by volume August trade. The FTSE 100 in London was backed by defense stocks and tobacco shares but other markets slumped. The U.K. FTSE 100 index added 0.2%, while the German DAX Xetra 30 index lost 0.1% and the French CAC-40 index fell 0.1%. (more…)

Europe Posts Modest Losses

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European markets posted modest losses Friday with little economic and corporate news to give direction to the market. Yet, London FTSE 100 finished up 0.05%, supported by gains for the tobacco and energy sectors. Imperial Tobacco gained 2.3% and British American Tobacco rose 0.4%. The German DAX 30 lost 0.28%, while the French CAC 40 fell 0.18%. (more…)

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