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SKY Sky

1,727.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sky LSE:SKY London Ordinary Share GB0001411924 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,727.50 1,727.00 1,727.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

EUROPE MARKETS: European Stocks Swing Back To Capture Multiyear High

10/06/2014 9:39pm

Dow Jones News


Sky (LSE:SKY)
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By Carla Mozee, MarketWatch

LONDON (MarketWatch) -- European stocks rose Tuesday, leaving the regional equity index at its best level in more than six years.

Shedding earlier losses, the Stoxx Europe 600 moved up 0.3% to 349.71. The index's fifth consecutive rise marked its highest close since Jan. 8, 2008, according to FactSet data.

Stock benchmarks across Europe have reached multiyear or record highs recently in anticipation and in response to a range of monetary easing measures launched last week by the European Central Bank, which has been grappling with low levels of inflation and lackluster economic growth in the euro area.

Italy's FTSE MIB Italy Index rose 0.3% to 22,502.97, its best close since February 2011, and Germany's DAX 30 ended up 0.2% at a record close of 10,028.80, topped by a 2% rise for potash producer K&S AG .

European Central Bank Governing Council member Jens Weidmann told German newspaper Boersen-Zeitung that the latest round of actions -- including bringing interest rates into negative territory -- breaks "new ground" for the bank, and that the moves were aimed at reaching the real economy, according to Reuters.

Industrial output readings from Italy and France gave investors a glimpse of conditions seen at the start of the second quarter. Production in Italy rose at a seasonally adjusted rate of 0.7% in April, above the 0.4% rise expected in a Dow Jones Newswires survey of economists. French industrial production rose 0.3% in April, rebounding from contraction in March.

Meanwhile, manufacturing output in the U.K. rose in April from March, by 0.4%, reinforcing the view that recovery in the British economy remains on track.

The U.K.'s FTSE 100 index , however, slipped less than 2 points to 6,873.55, with BT PLC losing 2.4% as rival British Sky Broadcasting Group outlined the launch of its first European soccer channel.

Logging the steepest decline on the Stoxx 600 was Bank of Ireland . The stock fell 3.2% after the lender said U.S. billionaire investor Wilbur Ross Jr. will sell his remaining stake in the company and has resigned as a director.

Booker Group PLC was also hit, falling 2.2% after Goldman Sachs dropped the food wholesaler from its pan-Europe conviction buy list.

Sports Direct International PLC was also removed from Goldman's European conviction buy list "as the upside to our target price is now lower following a period of good performance. We have higher conviction elsewhere in the European retail sector as a result," said analysts at Goldman. Sports Direct shares ended 1.2% lower.

In France, the CAC 40 shrugged off losses and rose 0.1% to 4,595.00, its fourth advance in a row. Spain's IBEX 35 lost grip of gains and fell 0.1% to 11,153.50.

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