European stocks mixed; FTSE 100 hits record high

India Infoline News Service | Mumbai | January 09, 2017 16:09 IST

The Euro stock markets slipped in early trade despite positive cues from the US but gains in mining and metal stocks led to Britain's FTSE 100 index hitting a lifetime high.

European shares are trading mixed on Monday. The Euro stock markets slipped in early trade despite positive cues from the US but gains in mining and metal stocks led to Britain's FTSE 100 index hitting a lifetime high. The index rose for the fifth consecutive session today. However, a fall of 4.3% of shares of Deutsche Lufthansa weighed on travel and leisure stocks.

The UK’s FTSE 100 outperformed its European peers, buoyed by a weaker pound, which fell on the back of Prime Minister Theresa May’s latest Brexit comments.

On the data front, figures out earlier from Destatis showed German industrial production rose a touch less than expected in November, but exports surged. Industrial production was up 0.4% from the previous month, missing expectations for a 0.7% increase. However, exports grew 3.9% in November from October, with imports up 3.5%.

Meanwhile, CAC40 slipped 0.60% and DAX is down 0.4%. FTSE 100 advanced 0.19%. 
 

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