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

Trade Deal

REUTERS SHOWCASE

Record High

Record High

Nifty hits record high on foreign buying, higher Asian stocks.  Full Article 

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

BRICS Bank

BRICS Bank

World Bank chief welcomes new BRICS development bank.  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

 Boosting Output

Boosting Output

NMDC plans to boost iron ore output by two-thirds  Full Article 

Apple Results

Apple Results

Apple margin concerns fade, focus shifts to iPhone launch  Full Article 

Reuters India Mobile

Reuters India Mobile

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