Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

European shares turn positive

Source: Reuters - Wed 13th Jan 2010

European shares turned positive in early trade on Wednesday as gains in defensive food producers and drugmakers outpaced falls in the banking sector.

By 8:25 a.m. British time, the pan-European FTSEurofirst 300 index of top shares was up 0.2 percent at 1,055.62 points after falling to a low of 1,051.40 earlier in the session.

Among defensive stocks, brewer Anheuser-Busch InBev, Nestle and Unilever were up 0.4 to 1.8 percent, while drugmaker UCB gained 4.6 percent.

However, Societe Generale fell 4.2 percent after the French bank, which suffered record trading losses in 2008, took a new hit of 1.4 billion euros ($2.03 billion) from risky assets.

Comment on this Story

Be the first to comment on this Story !!

Recommended Items