Europe, Asia End Mixed

European markets were mixed with U.K. mortgage approvals down and German consumer confidence hitting a six month high

European stock markets were mixed on Wednesday. In London, the Financial Times-Stock Exchange 100 index, which rose 10 points last Friday, was up 1 point to the 4799 level even though the British Bankers Association reported the number of mortgages approved by U.K. banks in November slipped to the lowest since records began in December 2001. 57 FTSE stocks were up, and 41 were down on turnover of 243,707,000 shares. Yields on 10-year gilts were up to 4.54% from 4.45% Friday. The sterling was off at $1.9212. February Brent crude oil futures were down. Rio Tinto and Anglo American were higher following a report that iron ore prices may have their biggest gain in 25 years in the year starting April 1 as Chinese steelmakers continue expansion. Jarvis was higher after the company said it may raise funds from a new investor or a suitor.

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