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FTSEurofirst up in early stock market trading

FTSEurofirst up in early stock market trading
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The FTSEurofirst 300 has climbed during stock market trading this morning (June 9th), led by increases in technology stocks.

By 08:03 BST, the pan-European index was up 0.8 per cent to 988.47 points, Reuters reports, ending three consecutive days of losses and helping it to recover from the one per cent dip seen yesterday.

A similar gain was seen in London, where the FTSE 100 was up 24.56 points to 5,052.71 at 09:01 BST.

Alcatel-Lucent, Capgemini and Nokia were among the strongest performers at the start of trading - adding between 0.8 per cent and 1.4 per cent - and Texas Instruments stock climbed on the news the firm's financial results for the second quarter are likely to be at the top end of its early estimates.

News of a 63 per cent increase in first-quarter net profit at Inditex - owner of Zara - helped the company's shares climb 4.6 per cent.

But gains on the index were limited somewhat, as investor sentiment is still constrained by the continuing debt problems in the eurozone.

Posted by Clive ArneilADNFCR-1681-ID-19826683-ADNFCR