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European Stock Markets Rise

August 27, 2002

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LONDON (AP) _ European stock markets rose Tuesday, but finished off their intraday highs following the release of mixed U.S. economic data.

Oil stocks were lifted by a continuing rise in the price of crude oil, attributed by analysts in part to comments on Iraq made by U.S. Vice President Dick Cheney.

Stocks across the board rose after the U.S. posted its July durable goods figures, revealing the biggest gain in orders since October 2001. But shares gave ground after the U.S. consumer confidence index more than expected in August.

The Dow Jones Stoxx Total Market Index of shares in European companies rose 3.72 points to 226.72 points. The Dow Jones Euro Stoxx Total Market Index, which tracks companies in countries that joined the single currency, was up 5.28 points at 220.15 points.

The Dow Jones Euro Stoxx 50 Index rose 91.8 points at 2,863.0 and the Dow Jones Stoxx 50 Index was up 58.3 points at 2851.5.

In domestic markets, The Financial Times-Stock Exchange 100-share index gained 59.9 points, or 1.36 percent, to 4,449.7; the CAC 40 Index in Paris advanced 99.22 points, or 2.86 percent, to 3,570.5; and Frankfurt’s Xetra DAX rose 67.50 points, or 1.78 percent, to 3,851.34.

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