European shares pare losses to turn flat

LONDON Tue Jan 8, 2013 2:42pm IST

A trader looks at computer screens at Madrid's bourse April 12, 2012. REUTERS/Andrea Comas/Files

A trader looks at computer screens at Madrid's bourse April 12, 2012.

Credit: Reuters/Andrea Comas/Files

Related Topics

Stocks

   

LONDON (Reuters) - European shares pared earlier losses to turn flat on Tuesday, with gains in telecom stocks offsetting declines in financial and mining shares.

The FTSEurofirst 300 index was flat at 1,161.45 points by 0853 GMT, having initially opened down by around 0.1 percent.

The STOXX 600 European telecoms sector rose 0.8 percent, helped by a 2.6 percent rise in Vodafone (VOD.L) with traders citing fresh speculation that U.S. group Verizon (VZ.N) could buy Vodafone's stake in Verizon Wireless.

Central Markets senior broker Joe Neighbour said many investors remained upbeat on equities.

"Trend followers will still be in bullish mode," he said.

(Reporting by Sudip Kar-Gupta)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Managing Share Sales

Managing Share Sales

Govt seeks bids from banks to manage PFC, REC share sales   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage