European markets trade higher with euro’s gain

Thursday, 04. February 2016 10:50

Major European stocks were slightly up after markets opened on Thursday.

The FTSE 100 was 0.83% up at 5,884 points (10:37 a.m. CET) with companies from mining and metals sector leading the gains. Anglo American Plc had the best performance after the opening, with a surge of 8.4% to 296.45 pence (10:38 a.m. CET), followed by Glencore Plc’s 7.07% jump to 92.08 pence per share, and BHP Billiton Plc’s 6.45% increase to 685.3 pence (all 10:39 a.m. CET).  Royal Dutch Shell’s class A and B shares traded in the green. Energy company reported today that its income for the fourth quarter plummeted to $1.84 billion, compared to $4.16 billion from the same period a year before. Annual profit fell to $3.84 billion, from $19.04 billion accumulated in the previous year. Class A shares added 3.96% to 1,495 pence (10:38 a.m. CET), and class B shares gained 3.89% to 1,493 pence, respectively (both 10:40 a.m. CET). Oil traded in the red. WTI delivery for March lost 0.09% to $32.7 a barrel, while North Sea Brent crude was 0.08% down to $35.47 a barrel (both 10:45 a.m. CET).

BG Group Plc, Prudential Plc and HSBC Holdings Plc were also among the best performing companies.  

The DAX added 0.66% to 9,498 points (10:42 a.m. CET). K+S AG had the best performance, adding 3.08% to €19.03 per share (10:42 a.m. CET) and RWE AG rose 2.56% to €12.60 per share (10:43 a.m. CET).

Daimler AG today reported its results for last year, showing a 12% year-on-year increase in sales with 2.9 million vehicles sold. The luxury car manufacturer recorded revenue of €149.5 billion, compared to €129.9 billion from the same period last year, a 15% increase. Annual net profit was €8.9 billion, in comparison with €7.3 billion from 2014. Daimler fell 4.03% to €60.42 per share (10:44 a.m. CET).

The euro added 0.48% against the dollar, appreciated 0.17% against the Swiss franc, and gained 0.19% against the British pound (11:00 a.m. CET).

Related Links: 
Author:
Breaking the News / VS