European shares rise before U.S. economic reports . . . . . . . . . . . . . European shares soared on Thursday midday trading ahead of the release of U.S. retail sales and jobless claims data. Analysts predict retail sales may have gained 0.6 percent in May after rising 0.1 percent a month earlier. Initial jobless claims fell to 310,000 in the week through June 7 from 312,000 a week before. Investors will keep their attention on U.S. data amid speculations the Fed would continue with its stimulus cut plan. In the euro area, a report release earlier today signaled that industrial production edged up 0.8 percent in April from a revised of -0.4 percent. As of 06:58 EST, STOXX EUROPE 600 soared 0.45% to record 348.19 points. Oil & Gas led the advance with a rise of 0.47%, followed by Technology which recorded 0.33% rise. The highest shares were for Iliad SA, as it advanced 6.24% to 234.85 EUR, while the biggest drop was recorded by Lomin PLC as its shares plummeted 4.48% to 226.10 GBP. Looking at other the major European indices, the French CAC index edged up 0.14% to 4561.46 levels and Britain`s FTSE 100 index recorded 0.04% advance to 6841.92 points. Germany`s DAX index rose 0.03% to 9952.81 points. #egyptyard
Posted on: Thu, 12 Jun 2014 12:04:40 +0000
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