Market news
28.12.2010, 09:52

EU indexes hold small gains

European stocks and U.S. futures were little changed after the Stoxx Europe 600 Index yesterday fell the most in a month, as investors await data from the world’s largest economy. Asian shares advanced.

Gamesa Corporacion Tecnologica SA gained 1% after Iberdrola SA raised its stake in the Spanish company.
Alcatel- Lucent SA rose 1.5%. Tenaris SA fell after Exane BNP Paribas downgraded the shares.
Reports today may show American home prices dropped in October, a sign housing will remain a weak link into the new year, according to economists. The S&P/Case-Shiller Index of property values in 20 cities fell 0.2% from October 2009, the first decline since January.
Other data may show consumer confidence rose to a seven-month high in December.

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