Market Update

European Stocks Edge Up on Global Cues

Mar 30, 2011

Shares in Europe climbed in early trade Wednesday, tracking gains in the United States overnight and in Asia today, with resource plays supporting indexes.

At 1:15 p.m. (I.S.T.), Britain's FTSE, France's CAC and Germany's DAX gained 0.5% to 1.2%.

Commodity stocks led the gainers with miners BHP Billiton, Rio Tinto and Xstrata rising between 1.7% and 2.6%.

Financials, too, edged up in line with broad markets: Barclays, BNP Paribas, Credit Agricole and Societe Generale added 0.6% to 1.2%.

But retailers slipped, led by Marks and Spencer, which was off 2%. Debenhams lost 1.2%.

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