Markets & Finance

Europe Stocks Finish Mixed


European stock markets finished mixed on Tuesday, aided slightly by the falling price of oil. London's Financial Times-Stock Exchange 100 index gained 2.2 points, or 0.05%, to 4,407.5.

British Airways was higher for a second day, after announcing it would more than double a surcharge on long-haul fares to recoup the cost of rising fuel prices. Meantime, many BA customers were left sleeping at Heathrow, as the airline reportedly lacked enough baggage handlers and check in staff to accomodate its scheduled flights.

Germany's DAX index lost 1.14 points, or 0.03%, to 3,771. A government report showed German exports lifted second-quarter growth by 0.5%, as consumer spending stagnated and corporate investment declined. "There is concern that the pace of expansion may slow," reports S&P's MarketScope.

In Paris, the CAC 40 index added 4.69 points, or 0.13%, to 3,594.38, also aided by weaker oil prices.

Asian markets finished higher on Tuesday. Japan's Nikkei 225 index added 24.36 points, or 0.22%, to close at 10,985.33. In Hong Kong, the Hang Seng index gained 214.72 points, or 1.73%, to close at 12,646.49.


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