• European stocks rise

Market news

5 September 2012

European stocks rise

European stocks rose ahead of a meeting of the European Central Bank, which will be held tomorrow, tomorrow, while data from the U.S., China and Australia show that the growth of the world economy is slowing down. U.S. index futures and Asian shares also fell.

Shares Cie. Financiere Richemont SA - manufacturer of jewelry Cartier, rose 1.7% after that for five months, sales grew by 23%.

The cost of BP Plc (BP /) fell 3.8 percent after a report that the U.S. Justice Department accused the oil company of gross negligence.

Shares of STMicroelectronics NV, Europe's largest chip maker, fell by 4.2%, against the fact that UBS AG and Exane BNP Paribas recommended selling shares.

Stoxx Europe 600 Index rose 0.3 percent to 266.22.

To date:

FTSE 100 5,671.23 -0.78 -0.01%

CAC 40 3,407.91 +8.87 +0.26%

DAX 6,984.07 +51.49 +0.74%

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