LONDON (ShareCast) - European shares have made a good start to the first day of the third quarter, with energy and banking shares leading the way.
Total, Royal Dutch Shell (Amsterdam: RDSA.AS
- news) and Eni (Milan: ENI.MI - news) are in demand after crude oil futures rose again. Oil plunged below $70 a barrel yesterday after US consumer confidence figures for May came in worse than expected.
Banks are also going well with Commerzbank (Xetra: 803200 - news) , BNP Paribas (Paris: FR0000131104 - news) and Deutsche Bank (Xetra: 514000 - news) all in positive territory.
Across the markets, the German DAX is up 69 points at 4,878 with the French CAC rising 49 points to 3,190. The Swiss market has added 40 points to 5,444.
In economic news, eurozone manufacturing activity contracted less than initially forecast in June. The Markit PMI for the 16-country zone rose to 42.6 in June compared with 40.7 in the previous month and above the 42.4 'flash' estimate.
CAC 40 (Paris: news) - Risers
Carrefour (CA) € 31.60 +3.88%
PPR (Paris: FR0000121485 - news) (PP) € 59.90 +3.00%
Essilor International (EI) € 34.94 +2.83%
ArcelorMittal SA (MT) € 24.00 +2.63%
Veolia Environnement (Paris: FR0000124141 - news) (VIE) € 21.50 +2.43%
BNP Paribas (BNP) € 47.34 +2.36%
Air Liquide (Paris: FR0000120073 - news) (AI) € 66.60 +2.28%
LVMH (MC) € 55.63 +2.27%
EADS (Paris: NL0000235190 - news) (EAD) € 11.77 +2.26%
Total (FP) € 39.28 +2.07%
CAC 40 - Fallers
Lafarge (Paris: FR0000120537 - news) (LG (003550.KS - news) ) € 47.07 -2.45%
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