12 March 2010 09:14

European shares are on the rise again, recovering some of yesterday's losses, with banks and carmakers among the best performers.

In the auto sector, Renault and Volkswagen are going well, while Commerzbank, Deutsche Bank, Credit Agricole and BNP Paribas are the best performing banking shares.

Elsewhere in the banking sector, former bosses at Lehman Brothers have been heavily criticised for employing an accounting "gimmick" that managed to hide the failed bank's insolvency.

A year-long investigation into the collapse of Lehman by court-appointed examiner, Anton Valukas, found that ex-chairman and chief executive, Dick Fuld, and senior executives regularly ignored the bank's own risk controls.

The Dax in Frankfurt is 7 points higher at 5,935, with the French Cac up 8 points to 3,937. The Swiss market has gained 15 points at 6,866.

On the downside, Roche is the top faller in Switzerland after the drug giant best-selling cancer drug Avastin did not meet its primary objective in a late-stage prostate cancer trial.



CAC 40 - Risers
PPR (PP) € 94.15 +1.08%
Renault (RNO) € 33.58 +0.95%
Veolia Environnement (VIE) € 24.08 +0.73%
Bouygues (EN) € 37.87 +0.72%
AXA (CS) € 16.17 +0.69%
Technip (TEC) € 56.39 +0.68%
Credit Agricole (ACA) € 12.14 +0.66%
Schneider Electric (SU) € 85.38 +0.62%
BNP Paribas (BNP) € 57.24 +0.60%
Lagardere SCA (MMB) € 26.52 +0.49%

CAC 40 - Fallers
Carrefour (CA) € 36.26 -1.95%
Cap Gemini (CAP) € 35.71 -0.67%
ST Microelectronics (STM) € 6.72 -0.53%
ArcelorMittal SA (MT) € 30.58 -0.44%
EDF (EDF) € 38.13 -0.40%
L'Oreal (OR) € 78.81 -0.40%
Pernod Ricard (RI) € 60.01 -0.38%
Essilor International (EI) € 46.23 -0.25%
GDF Suez (GSZ) € 28.25 -0.25%
Total (FP) € 42.86 -0.15%

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