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Market Update

Europe: Shares Head Higher Early

Jun 9, 2011

Stocks in Europe were trading higher early Thursday after a flat opening, even as Asian markets traded mixed.

At the time of writing, Britain's FTSE, France's CAC and Germany's DAX rose 0.3% to 0.5%.

European equities rose after hitting a three-month low yesterday as investors came back to buy beaten-down equities and as recent debt jitters related to some Eurozone nations appeared to have taken a backseat for now.

Resource stocks witnessed buying early, supporting indexes: BHP Billiton, Rio Tinto, Xstrata and Anglo American climbed 0.4% to 1.3%, while financials were mixed: Barclays and Deutsche Bank lost 0.3% each while Societe Generale added 0.6%.

Shares in Infineon Technologies were off 1.9% following a broker downgrade while Suez Environment Company SA climbed 2.3% after an upgrade.

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