Rising oils help European stocks reverse losses

Written by:
Subscribe to Oneindia News

PARIS, Oct 15 (Reuters) European stocks reversed early losses on Monday to trade little changed as rising energy shares helped offset the impact of weak telecoms and techs.

U.S. crude oil futures rose, hovering just below a barrel, lending support to European oil and gas firms, with BP surging 3 percent, Total gaining 1.3 percent and Royal Dutch Shell adding 1.8 perent.

Shares in Dutch group Philips Electronics fell 3.8 percent as its key medical systems unit showed a surprise decline in earnings.

At 0826 GMT, the FTSEurofirst 300 index of top European shares was up 0.01 percent at 1,601.18 points.


Please Wait while comments are loading...