European Markets Rise Despite Iraq Conflict, as Local Economy and Stocks Take Center Stage

Now watching

Next video starts in : 7 Play

European Markets Rise Despite Iraq Conflict, as Local Economy and Stocks Take Center Stage

European Markets Rise Despite Iraq Conflict, as Local Economy and Stocks Take Center Stage
Replay video
Up next

What to Watch Wednesday: Five Below, Vera Bradley Post Earnings

Unlock your personal NFL Now stream by signing in to NFL.com

European Markets Rise Despite Iraq Conflict, as Local Economy and Stocks Take Center Stage

by TheStreet 1:44 mins

European Markets Rise Despite Iraq Conflict, as Local Economy and Stocks Take Center Stage

by TheStreet 1:44 mins

European markets staged a mild rebound Tuesday morning, despite the continued conflict in Iraq and ongoing tensions in Ukraine. A surprise drop in U.K. inflation in May hit the pound and may take pressure off the Bank of England to raise interest rates early, although rising house prices in the London region could still force its hand. Hotel, restaurant and coffee shop group Whitbread plc was the biggest riser in London, on good results at its Premier Inns and Costa Coffee chains. Pharmaceuticals company Shire plc and insurer RSA both rose on reports of possible M&A activity. Dutch banking and financial services group ING rose on news of an intention to float its insurance arm NN Group. And in Paris, engineering firm Alstom sank after what some see as a disappointing offer from Germany's Siemens and Japan's Mitsubishi Heavy Industries for parts of its business. General Electric Co. has a rival offer for Alstom on the table.

TheStreet

Personal Finance

  1. 3:44

    A local man’s view on the real recovery of post-Katrina New Orleans

  2. A local man’s view on the real recovery of post-Katrina New Orleans

  3. 1:40

    How Much Money Do You Need to Be Rich? Kids' Answers Will Inspire You.

  4. 1:34

    Young people and startups are fueling New Orleans’ recovery after Hurricane Katrina

  5. 1:52

    Here's how smart investors will react to today's market drama

  6. 2:33

    In post-Katrina New Orleans, black men lift each other up

Market Movers

  1. 3:02

    Crude oil's wild ride

  2. 2:32

    New reality on Wall Street

  3. 2:04

    Wall Street heavyweights pounded in August

  4. 15:07

    Stocks slammed; Fed rate hike in limbo?; Hedge funds pounded

  5. 3:59

    Stocks slammed

  6. 2:01

    Apple original content; Dollar Tree profit miss; Penn West cuts; Whirlpool bid