European stocks stable amid ICI takeover bid

0 Comments | AFP, June, 2007

LONDON (AFP) — Europe's main stock markets held steady at the half-way stage on Monday, amid news of a 14-billion-dollar takeover bid for British chemicals group Imperial Chemical Industries.

Dealers also tracked the Paris Air Show in France, where more large orders were expected across the global aerospace sector this week.

In European deals, London's FTSE 100 index of leading shares eased 0.03 percent to 6,730.10 points, in Paris the CAC 40 slid 0.09 percent to 6,099.59 points, while Frankfurt's DAX 30 firmed 0.47 percent to 8,068.40.

The DJ Euro Stoxx 50 index of leading eurozone shares slipped 0.18 percent to 4,542.99 points.

The euro stood at 1.3409 dollars.

Despite Monday's subdued showing in Europe, the global outlook remained upbeat...

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