Sun, Dec 24, 2006 - Page 10 News List

Europe's stock exchanges close mostly lower

AFP , LONDON

European stock exchanges closed generally weaker on Friday although the London FTSE 100 index gained 0.10 percent to finish at 6,190 points in a shortened pre-holiday session.

In Paris the CAC 40 fell 1.02 percent to finish at 5,453.94 while in Frankfurt the Dax shed 1.08 percent to close at 6,503.13.

The Euro Stoxx 50 index of leading eurozone shares fell 0.94 percent to 4073.50.

In London cruise group Carnival added 2.48 percent to close at ?25.99 on positive financial results.

Mobile phone giant Vodafone fell 1.22 percent to ?1.42 after confirming that it would bid for the two-thirds stake in Hutchison Essor of India held by the Hong Kong conglomerate Hutchison Whampoa, an acquisition that could cost it US$10 billion.

In Paris, where profit-taking took a toll, aerospace group EADS fell 0.08 percent to 25.7 euros, while stock market operator Euronext shed 1.11 percent to close at 89.25 euros.

Engineering giant Alstom jumped 1.41 percent to 100.80 euros despite denying a report that it had won a 3.6-billion-euro order from China for 1,500 freight locomotives.

In Frankfurt Deutsche Bank lost 1.09 percent to finish at 100.29 euros after announcing on Thursday that it had agreed to a US$208 million settlement following a probe into improper trading in its mutual funds.

Elsewhere there were declines of 0.60 percent to 14,066.1 on the Ibex-35 in Madrid, 1.04 percent to 40,841 on the SP/Mib in Milan, 0.78 percent to 490.77 on the AEX in Amsterdam and 0.56 percent to 8,726.67 on the Swiss Market Index.

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