European shares pause after biggest rise since August

By: | Published: October 6, 2015 2:32 PM

European shares paused on Tuesday following strong gains in the previous session, with mixed corporate updates also providing little clear direction for the market.

london stock exchangeEuropean shares paused on Tuesday following strong gains in the previous session, with mixed corporate updates also providing little clear direction for the market.(Reuters)

European shares paused on Tuesday following strong gains in the previous session, with mixed corporate updates also providing little clear direction for the market.

The pan-European FTSEurofirst 300 index was down 0.1 percent at 1,412.00 points by 0709 GMT, having risen 3 percent in the previous session, its biggest one day rise since August.

Top riser was Bouygues Telecom, up 2 percent, after France’s third-largest mobile operator said it aimed to improve its profit margins and sales in the coming years as it seeks to defend its standalone strategy.

On the downside, SABMiller dropped 2 percent after results that were materially impacted by adverse currency movements, even as it reported a 2 percent rise in second-quarter sales volumes percent rise in second-quarter sales volumes.

Germany’s blue-chip DAX index lagged the market, down 0.5 percent after data showed that German industrial orders dropped unexpectedly in August.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition