Market news
28.12.2010, 12:57

EU equities retreat

European equities limped forward on Tuesday in a low-volume session as investors remained cautious following China’s decision to raise interest rates on Saturday.
The FTSE Eurofirst 300 index still crawled up 0.1% to 1,138.79, however, paring some of the 0.9% losses in the previous session.
One of the biggest gainers on the Eurofirst index was Alcatel-Lucent, the telecommunications equipment manufacturer, which rose after it agreed to pay US authorities $137m to resolve allegations that it bribed Latin American and Asian government officials to win telecoms contracts.
US authorities alleged that Alcatel subsidiaries paid $14m in phony consulting contracts as part of the bribery scheme and made illicit payments to officials in Honduras, Taiwan and Malaysia, from 2001 through to 2006.
Investors greeted the news positively, with shares in the company rising 1.6%.
Elsewhere in Europe, Tenaris, the specialist steel pipe maker fell 2.5% after Exane BNP Paribas downgraded the stock to “neutral” from “outperform” on valuation grounds.
ArcelorMittal, the French steelmaker, also lost ground falling 0.4%.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location