European shares rise led by rally in Shire, euro area confidence eyed . . . . . . . . . . . . Most European shares soared by midday treading on Friday, buoyed by the rally in British drugmaker Shire, ahead of euro area confidence report. “Shire rallied 11 percent after AbbVie Inc. said the Dublin-based drugmaker rejected a takeover offer of as much as 27.3 billion pounds,” according to Bloomberg. Later in the day, a report may show that euro-area consumer confidence recorded -6.5 in June from -7.1 in May. EU Finance ministers will meet today in Luxembourg to discuss the draft 2015 budget. The Stoxx Europe 600 Index heading for a weekly gain after the Fed said it would hold interest rate near zero for a “considerable period.” As of 06:54 EST, STOXX EUROPE 600 soared 0.10% to record 348.51 points. Health Care led the advance with a rise of 0.72%, followed by Materials, which recorded 0.41% rise. The highest shares were for Sire PLC as it advanced 11.37% to 4163.00 GBP, while the biggest drop was recorded by Banca Monte as its shares plummeted 7.57% to 1.93 EUR. Looking at other the major European indices, Germany’s DAX index advanced 0.03% to 10006.95 points, while the French CAC index slipped 0.09% to 4558.94 levels. Britain’s FTSE 100 recorded 0.29% rise to 6828.18 points. #egyptyard
Posted on: Fri, 20 Jun 2014 11:45:17 +0000
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