Shares end flat

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LONDON: European shares were flat yesterday as Barclays led a selloff in banks after announcing a STG5.8 billion (RM28.6 billion) rights issue and disappointing earnings, offsetting upbeat statements from France’s EDF among others.

The European FTSEurofirst 300 index was flat at 1,205.99 points, off an early high of 1,211.88 points.

The FTSEurofirst 300 had started the day on a more upbeat tone, boosted by positive guidance comments from a number of companies.

In midday deals, London’s FTSE 100 index of leading companies added 0.26 per cent to 6,577.53 points, Frankfurt’s DAX 30 advanced 0.37 per cent to 8,289.09 points and the Paris CAC 40 climbed 0.42 per cent to 3,985.58 points.

“European indices are trading higher… following some positive data and earnings,” said analyst Craig Erlam at traders Alpari. Agencies

Business Times : marketwatch

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