Europe Stocks End Mixed
European stock markets closed mixed on Wednesday. London's Financial Times-Stock Exchange 100 index was off 13.10 points, or 0.28%, to 4,634.80 as U.K. September unemployment claims fell 200,000, the jobless rate remained unchanged at 2.7%, earnings were strong at 3.9%, and oil prices headed lower. Numis was higher after the company rejected a takeover offer from an unidentified company.
Germany's DAX index gained 9.55 points, or 0.24%, to 3,976.03 as crude oil prices plunge on profit taking from a recent surge. Infineon Technologies was higher in reaction to Intel's higher earnings and improved inventories outlook. Hannover Re and Munich Re were higher as some analysts are upbeat on stocks now that they have taken steps to lower earnings forecasts due to a string of U.S. hurricanes and Pacific typhoons. Adidas-Salomon was lower after reporting a first-half slump in soccer-shoe sales in Germany.
France's CAC-40 index was up 5.59 points, or 0.15%, to 3,694.32, as French September CPI rose 0.2%, down from 0.3% in August and oil prices skidded on profit taking. STMicroelectronics and Alcatel were higher in sympathy with Intel's higher earnings. Carrefour was lower after saying it won't meet targets.
In Asia, Japan's Nikkei average lost 5.82 points, or 0.05%, to 11,195.99 as gains in high tech stocks were offset by declines in oil exploration firms as crude oil prices headed lower after a run of 5 consecutive closing highs.
In Hong Kong, the Hang Seng index fell 80.01 points, or 0.60%, to close at 13,171.58.
Canada's benchmark S&P/TSX fell 56.22 points, or 0.64%, to 8,729.64.
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