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:

REUTERS SHOWCASE

WTO Trade Deal

WTO Trade Deal

WTO clinches first global trade deal in its history  Full Article 

Kashmir Attack

Kashmir Attack

Ten dead in Kashmir's worst militant attack in more than a year  Read 

OPEC Meeting

OPEC Meeting

Saudis block OPEC output cut, oil price sinks further.  Full Article 

GDP, RBI Preview

GDP, RBI Preview

GDP growth set to weaken, business wants reforms more than rate cut  Full Article | Related Story 

Social Media

Social Media

Twitter to start tracking users' mobile apps  Full Article 

Jaitley to Rajan

Jaitley to Rajan

Jaitley likely to meet Rajan on Monday to urge rate cut  Full Article 

Banking Sector

Banking Sector

India moves to allow more businesses to offer basic financial services.  Full Article 

Forever21 in India

Forever21 in India

Forever21 sets sights on Indian cities, but please hold the hot pants  Full Article 

Japan Economy

Japan Economy

Japan inflation slows in October, output and spending show signs of recovery  Full Article 

Reuters India Mobile

Reuters India Mobile

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