Investing.com – European stocks were mixed on Thursday, amid lingering concerns over euro zone sovereign debt contagion, while markets in the U.S. were to remain closed on Thursday for the Thanksgiving holiday.
During European morning trade, the EURO STOXX 50 fell 0.33%; France’s CAC 40 declined 0.26%; while Germany's DAX climbed 0.18%.
Shares in the financial sector declined as fears mounted that the EUR750 billion rescue mechanism created by the International Monetary Fund and the European Union would run out of cash if either Spain or Portugal were to follow Ireland and request a bailout.
Shares in Spain’s largest lender Banco Santander tumbled 1.03%, Italy’s biggest bank Unicredit saw shares plunge 2.35%, while shares in Deutsche Bank slipped 0.94%.
But shares in German automaker Volkswagen rose 0.94% after the company’s chief executive officer said the automaker expected to sell more than 7 million cars in 2010, compared to 6.29 million cars in the previous year.
Shares in rival automaker BMW gained 0.68%, while shares in the world’s fourth largest automaker Renault added 0.56%.
Meanwhile, shares in the world’s largest steel-producer ArcelorMittal jumped 2.19% after the company said it was close to acquiring a coal production site from German coal miner RAG AG for an undisclosed fee.
Elsewhere, in London, the FTSE 100 gained 0.25% as shares in the real estate sector led gains.
Shares in the largest U.K. shopping center owner Capital Shopping Centers soared 8.30% after the company announced it would acquire the Trafford Center in Manchester, England for approximately GBP 1.6 billion.
Rivals Hammerson PLC saw shares jump 5.19%, while shares in the second-largest British property investment firm The British Land Company surge 3.43%.
Meanwhile, miners performed strongly as metal prices advanced. Shares in the world’s largest mining group BHP Billiton jumped 1.91%, rivals Rio Tinto saw shares climb 1.43%, while shares in the world’s fourth-largest copper producer Xstrata added 1.47%.
Elsewhere, markets in the U.S. were to remain closed on Thursday for the Thanksgiving holiday.
During European morning trade, the EURO STOXX 50 fell 0.33%; France’s CAC 40 declined 0.26%; while Germany's DAX climbed 0.18%.
Shares in the financial sector declined as fears mounted that the EUR750 billion rescue mechanism created by the International Monetary Fund and the European Union would run out of cash if either Spain or Portugal were to follow Ireland and request a bailout.
Shares in Spain’s largest lender Banco Santander tumbled 1.03%, Italy’s biggest bank Unicredit saw shares plunge 2.35%, while shares in Deutsche Bank slipped 0.94%.
But shares in German automaker Volkswagen rose 0.94% after the company’s chief executive officer said the automaker expected to sell more than 7 million cars in 2010, compared to 6.29 million cars in the previous year.
Shares in rival automaker BMW gained 0.68%, while shares in the world’s fourth largest automaker Renault added 0.56%.
Meanwhile, shares in the world’s largest steel-producer ArcelorMittal jumped 2.19% after the company said it was close to acquiring a coal production site from German coal miner RAG AG for an undisclosed fee.
Elsewhere, in London, the FTSE 100 gained 0.25% as shares in the real estate sector led gains.
Shares in the largest U.K. shopping center owner Capital Shopping Centers soared 8.30% after the company announced it would acquire the Trafford Center in Manchester, England for approximately GBP 1.6 billion.
Rivals Hammerson PLC saw shares jump 5.19%, while shares in the second-largest British property investment firm The British Land Company surge 3.43%.
Meanwhile, miners performed strongly as metal prices advanced. Shares in the world’s largest mining group BHP Billiton jumped 1.91%, rivals Rio Tinto saw shares climb 1.43%, while shares in the world’s fourth-largest copper producer Xstrata added 1.47%.
Elsewhere, markets in the U.S. were to remain closed on Thursday for the Thanksgiving holiday.