By Simon Kennedy
LONDON (MarketWatch) -- European shares rose in early trading Wednesday after a rebound in Asian markets, with banking and insurance stocks among the main beneficiaries. Shares in U.K. insurer Prudential (UK:PRU 589.50, +21.50, +3.79%) (PUK 17.89, -0.07, -0.39%) rose 2.7% after it announced new targets for its Asian operations, while Deutsche Bank (DE:DBK 37.29, +0.29, +0.77%) (DB 47.96, -1.39, -2.82%) climbed 1.2% after a broker upgrade. On the downside, shares in French retailer Carrefour (FR:CA 31.69, -3.17, -9.08%) slumped 7.1% after the company late Tuesday lowered its profit target. The U.K.'s FTSE 100 index (UK:UKX 5,581, +53.05, +0.96%) rose 0.7% to 5,569.37, the French CAC 40 index (FR:PX1 3,638, +27.56, +0.76%) rose 0.8% to 3,640.52 and the German DAX 30 index (DX:DAX 6,769, +80.32, +1.20%) rose 1% to 6,754.44.
|
