Markets & Finance

Europe Stocks Close Mixed


European stock markets closed mixed Friday. London's Financial Times-Stock Exchange 100 index eased 16 points, or 0.36%, to 4,460.80 even though UK fourth quarter gross domestic product rose 0.9%, which was the fastest pace in four years, and December retail sales rose 0.9%.

In Paris, the CAC 40 lost 2.24 points, or 0.06%, to 3,693.36. Drug company Aventis was higher and Sanofi-Synthelabo lower. NYT reports Sanofi will make a bid for Aventis.

Germany's DAX index added 11.97 points, or 0.29%, to 4,151.83 despite some disappointing earnings reports. Deutsche Bank was higher as its in talks with Xchanging to sell a majority of its European Transaction Bank unit. Porsche was lower as the luxury car company's first half earnings fell short of expectations.

In Japan, the Nikkei 225 index advanced 68.31 points, or 0.62%, to close at 11,069.01.

Hong Kong's market was closed for the Lunar New Year celebration.

Canada's benchmark S&P/TSX rose 15.62, or 0.18%, to 8,604.73.


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