Business World

Tuesday 24 October 2017

European shares erase losses to turn positive

raders work on the floor at the NYSE
raders work on the floor at the NYSE

EUROPEAN shares turned positive in mid-morning trade on Wednesday, erasing earlier losses, with drinks group AB Inbev leading gainers after posting profits that beat market expectations.

The pan-European FTSEurofirst 300 index had initially fallen by as much as 0.5pc, but then turned positive to trade up 0.1pc at 1,207.08 points later this morning.

AB Inbev was up by 7.1pc to top the FTSEurofirst 300's leader board, while airplane maker EADS rose to a record high after posting forecast-beating results.

Reuters

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