European stock markets dropped on Monday session, as investors nervously watched tensions spread across the Middle East and North Africa.
On Mon, Feb 21, 2011, 6:50Am EST, the FTSE 100 index dropped -20.10 points or -0.33% to 6,062.89, the DAX index slipped -48.95 points or -0.66% to 7,377.86 and the CAC 40 gave up -29.24 points or -0.70%.
The Stoxx Europe 600 index in morning trading gave up 0.7% to 288.95.
During the last trading session mostly sector preformed well and ended in green, Conglomerates stocks gained the maximum during the last session with the advancement of 0.54% where 7% companies in the sector are up more than 2% and the followed up sector was the Services sector with the advancement of 0.43%.
In Europe, a few companies posted earnings that include the Danish brewer Carlsberg AS, which reported a 21% drop in fourth-quarter net income. The shares fell 2%.
Meanwhile, the Dutch mail company TNT NV announced that the profit increased to 126 million euros a worth of $172 million from €25 million previous year, but the poor weather also affected its performance. Shares of TNT dropped 3%.
European banks remained mostly lower, with Barclays PLC dropping 1.2%.
Shares of Anglo American PLC gave up 2.1% as the company also posted results and announced it will enter a joint venture with French building-materials firm Lafarge.
Lafarge shares jumped 4.1% in Paris after the firm announced the joint venture and also said that the company swung to a profit of 62 million euros a worth of $84 million and will slash its debt by at least €2 billion in 2011.
Euro get strengthened versus the US dollar during the last trading session and remained mixed versus the other major currencies.
Euro Exchange Rates:
1 Euro is equal to 1.3690 US Dollar US Dollar, the Euro advanced +0.044%.
1 Euro is equal to 0.8444 British Pound, the Euro advanced +0.247%.
1 Euro is equal to 113.8320 Japanese Yen, the Euro advanced +0.080%.
1 Euro is equal to 1.2966 Swiss Franc, the Euro advanced +0.223%.
1 Euro is equal to 1.3546 Australian dollars, the Euro advanced +0.410%.
1 Euro is equal to 1.3480 Canadian dollars, the Euro declined -0.159%.
1 Euro is equal to 61.6666 Indian Rupee, the Euro declined -0.078%.
Energy prices remained mixed, with Heating Oil dropped -0.71% to $2.71 a gallon whereas Unleaded Gas grew 0.90% to $2.69 a gallon.
Metal prices also reflected mixed trend, as Platinum sank -0.04% to $1,843.30 a troy ounce and Copper prices decreased -0.04% and the last trade recorded was at $4.48 a pound.
Consumer product prices mostly dropped at New York Mercantile, with Cotton declined -3.59% to close the day at $187 a pound while Sugar grew +0.55% and last trade recorded at $31.19 a pound.
Brent Crude Oil futures at New York Mercantile, delivery for April 2011 opened the day at $104.42 surged +1.98% reached the intraday high at $105.02 and last trade recorded was at $104.50 a barrel.
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