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Europe stocks back in the black

  • Story Highlights
  • European shares turn positive on Friday as financial stocks gained
  • The FTSEurofirst 300 index of leading European shares was up 0.08 percent
  • The rise follows a rally in U.S. markets and sharp falls in Asia
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FRANKFURT, Germany (Reuters) -- European shares turned positive on Friday as financial stocks gained after a rally in U.S. markets and despite sharp falls in Asia.

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By 0725 GMT, the FTSEurofirst 300 index of leading European shares was up 0.08 percent at 1,442.55 points.

An end-of-day rally in U.S. markets, led by financial shares, pushed the S&P benchmark index into positive territory, fueled by speculation about a possible Federal Reserve interest rate cut.

Germany's DAX index was down 0.4 percent, the UK's FTSE 100 index rose 0.6 percent and France's CAC 40 gained 0.1 percent. E-mail to a friend E-mail to a friend

Copyright 2007 Reuters. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

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