the forthcoming days."
A strong start to the year for European stocks has largely stalled since the end of January, as worries about Italy and Spain came back to haunt the euro zone where earnings and economic data offered a less upbeat picture than in the United States.
However, a tendency to focus on the future outlook rather than past disappointments was reflected in global miner Anglo American.
The company reported falling profits and its first loss in over a decade but its shares gained 1.3 percent as investors focused on a brighter outlook and increased dividend.
"Anglo American had an annus horriblis in 2012; it couldn't finish quickly enough as far as they were concerned, but the stock market gave them a pretty positive response today. They are looking ahead to the next year," McCaig said.