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European shares turn postive, utilities gain

European shares turn postive, utilities gain
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First Published: Thu, Mar 11 2010. 03 07 PM IST
Updated: Thu, Mar 11 2010. 03 07 PM IST
London: European shares turned positive in morning trade on Thursday as gains in utilities and automobiles overshadowed falls in banks and commodity stocks.
By 3:15pm, the pan-European FTSEurofirst 300 index was up 0.2% at 1,060.63 points after being down as low as 1,054.43 earlier.
Utilities stocks added the most points to the index. Italy gas transmission operator Snam Rete Gas SpA rose 1.6% after it left its capital spending for the period 2010-2013 unchanged as it seeks to create a gas hub for Southern Europe.
Carmarkers were in favour, with Volkswagen 1.5% higher after the company said sales revenue and operating profit are to rise in 2010.
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First Published: Thu, Mar 11 2010. 03 07 PM IST
More Topics: Markets | Europe | Stocks | London | FTSE |