Asia Higher, Europe Mixed

Asian stock markets were higher on Monday with Japan's Nikkei hitting its highest close in 10 months

European stock markets were mixed on Monday. In London, the Financial Times Stock Exchange-100 lost 9.10 points, or 0.18%, to close at 5027.20. The FTSE ended lower as a slightly higher start on Wall Street was unable to offset weakness at BAE Systems, GlaxoSmithKline and the London Stock Exchange. The race to win the London Stock Exchange took a dramatic turn after Deutsche Boerse withdrew its preliminary offer overnight. GlaxoSmithKline fell after Morgan Stanley highlighted manufacturing problems revealed on Friday in its Paxil and Avandamet drugs are potentially quite serious and may become a long-term problem. British Airways chief Rod Eddington is to leave the airline several months earlier than expected, The Sunday Times reported. Among broker changes, ITV was lifted by a bullish note from CSFB and Vedanta gained after an upgrade from Deutsche Bank.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.