Monday, October 15, 2012

Europe Markets: Europe stocks rise after Chinese data; banks up

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) ? European stock markets moved higher in early trade on Monday, with banks and drug makers in the lead, as investors digested a raft of data out of China, including better-than-expected export numbers.

The Stoxx Europe 600 index /quotes/zigman/2380150 XX:SXXP +0.51% ?rose 0.5% to 270.68, climbing back from a 0.5% loss on Friday.

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Banks were among the biggest advancers, with Credit Agricole SA /quotes/zigman/295440 FR:ACA +2.21% ?up 2%, Banca Monte dei Paschi di Siena SpA /quotes/zigman/204677 IT:BMPS +1.33% ?adding 1.7% and Standard Chartered PLC /quotes/zigman/22532 UK:STAN +1.86% ?rising 1.3%.

Investors were looking at a fresh batch of data out of China over the weekend. The country?s trade surplus widened in September, with exports jumping 9.9%, easing worries about global consumer demand. The reading beat analysts? expectations of a 5% rise. See: China trade-surplus report surprisingly strong

On Monday, a release showed Chinese consumer prices rose 1.9% in September, leaving expectations high that Beijing will move to launch further easing measures amid cooling growth. See: China September consumer prices rise 1.9% on-year

Attention now turns to the closely watched third-quarter gross domestic product release on Thursday.

Movers

Among other notable movers in Europe, Roche Holding AG /quotes/zigman/278482 CH:ROG +1.04% ?put on 1% after the health-care major?s Genentech subsidiary said late Friday that the U.S. Food and Drug Administration had approved an expanded use for Actemra, a drug that treats adults with rheumatoid arthritis.

France?s Sanofi SA /quotes/zigman/187275 FR:SAN +1.15% ? /quotes/zigman/307926/quotes/nls/sny SNY +0.37% ?was also higher, up 0.7%.

The CAC 40 index /quotes/zigman/3173214 FR:PX1 +0.99% ?jumped 0.9% to 3,418.86.

Oil group Total SA /quotes/zigman/167939 FR:FP +1.73% ? /quotes/zigman/167990/quotes/nls/tot TOT -0.32% ?gained 1.4%, as it restated certain financial data tied to the reorganization of its upstream business as well as its supply and marketing activities.

In the U.K., oil firms were on the rise. BP PLC /quotes/zigman/210014 UK:BP +0.13% ? /quotes/zigman/247026/quotes/nls/bp BP -0.66% and Royal Dutch Shell PLC /quotes/zigman/359955 UK:RDSB +0.41% ? /quotes/zigman/379012/quotes/nls/rds.b RDS.B -0.06% ?both added 0.3%.

Miners, however, added pressure in London, tracking most metals prices lower. Rio Tinto PLC /quotes/zigman/155899 UK:RIO -1.11% ? /quotes/zigman/182541/quotes/nls/rio RIO -1.14% ? /quotes/zigman/176317 AU:RIO -1.03% ?slipped 0.7%, Kazakhmys PLC /quotes/zigman/391399 UK:KAZ -2.24% ?lost 0.5% and Fresnillo PLC /quotes/zigman/510593 UK:FRES +0.05% ?gave up 0.3%.

The FTSE 100 index /quotes/zigman/3173262 UK:UKX +0.36% ?added 0.3% to 5,809.77.

Among German shares, Commerzbank AG /quotes/zigman/144405 DE:CBK +1.70% ?picked up 1.8% and Deutsche Bank AG /quotes/zigman/207036 DE:DBK +1.82% ? /quotes/zigman/207002/quotes/nls/db DB -1.62% ?gained 1.4%.

The DAX 30 index /quotes/zigman/2380246 DX:DAX +0.67% ?rose 0.7% to 7,283.09.

/quotes/zigman/2380150

XX : STOXX

Volume: 0.00

Oct. 15, 2012 11:05a

/quotes/zigman/295440

FR : France: Paris

Volume: 2.79M

Oct. 15, 2012 10:25a

Market Cap

?14.91 billion

Rev. per Employee

?230,117

/quotes/zigman/204677

IT : Italy: Milan

Volume: 33.58M

Oct. 15, 2012 11:04a

Market Cap

?2.80 billion

Rev. per Employee

?349,036

/quotes/zigman/22532

UK : U.K.: London

Volume: 1.60M

Oct. 15, 2012 10:05a

Market Cap

?34.42 billion

Rev. per Employee

?176,251

/quotes/zigman/278482

CH : Switzerland: SWX Europe

Volume: 352,202

Oct. 15, 2012 11:05a

Market Cap

fr.158.10 billion

Rev. per Employee

fr.540,166

/quotes/zigman/187275

FR : France: Paris

Volume: 238,237

Oct. 15, 2012 10:25a

Market Cap

?88.14 billion

Rev. per Employee

?304,628

/quotes/zigman/307926/quotes/nls/sny

US : U.S.: NYSE

Volume: 758,504

Oct. 12, 2012 4:03p

Market Cap

$114.29 billion

Rev. per Employee

$407,770

/quotes/zigman/3173214

FR : N Euxt CMI

Volume: 0.00

Oct. 15, 2012 11:05a

/quotes/zigman/167939

FR : France: Paris

Volume: 818,051

Oct. 15, 2012 10:25a

Market Cap

?90.22 billion

Rev. per Employee

?1.83M

/quotes/zigman/167990/quotes/nls/tot

US : U.S.: NYSE

Volume: 1.76M

Oct. 12, 2012 4:03p

Market Cap

$116.99 billion

/quotes/zigman/210014

UK : U.K.: London

Volume: 4.03M

Oct. 15, 2012 10:05a

Market Cap

?82.21 billion

/quotes/zigman/247026/quotes/nls/bp

US : U.S.: NYSE

Volume: 3.73M

Oct. 12, 2012 4:00p

Market Cap

$132.25 billion

/quotes/zigman/359955

UK : U.K.: London

Volume: 287,283

Oct. 15, 2012 10:05a

Market Cap

?137.75 billion

/quotes/zigman/379012/quotes/nls/rds.b

US : U.S.: NYSE

Volume: 326,278

Oct. 12, 2012 4:01p

Market Cap

$221.61 billion

/quotes/zigman/155899

UK : U.K.: London

Volume: 1.11M

Oct. 15, 2012 10:05a

Market Cap

?42.64 billion

Rev. per Employee

?527,959

/quotes/zigman/182541/quotes/nls/rio

US : U.S.: NYSE

Volume: 1.79M

Oct. 12, 2012 4:00p

Rev. per Employee

$836,487

/quotes/zigman/176317

AU : Australia: Sydney

Volume: 1.86M

Oct. 15, 2012 4:10p

Rev. per Employee

$821,334

/quotes/zigman/391399

UK : U.K.: London

Volume: 685,154

Oct. 15, 2012 10:05a

Rev. per Employee

?34,758

/quotes/zigman/510593

UK : U.K.: London

Volume: 130,694

Oct. 15, 2012 10:03a

Market Cap

?13.91 billion

Rev. per Employee

?512,014

/quotes/zigman/3173262

UK : FTSE Indices

Volume: 0.00

Oct. 15, 2012 10:05a

/quotes/zigman/144405

DE : Germany: Frankfurt

Volume: 526,581

Oct. 15, 2012 10:52a

Market Cap

?8.59 billion

Rev. per Employee

?454,245

/quotes/zigman/207036

DE : Germany: Frankfurt

Volume: 23,645

Oct. 15, 2012 10:44a

Market Cap

?30.32 billion

Rev. per Employee

?486,277

/quotes/zigman/207002/quotes/nls/db

US : U.S.: NYSE

Volume: 1.41M

Oct. 12, 2012 4:01p

Rev. per Employee

$486,277

/quotes/zigman/2380246

DX : XETRA-ETF

Volume: 0.00

Oct. 15, 2012 11:05a

Sara Sjolin is a MarketWatch reporter, based in London.

Source: http://www.marketwatch.com/news/story.asp?guid=%7BCFEE96CA-1695-11E2-A50C-002128049AD6%7D&siteid=rss&rss=1

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