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European markets advance as mining firms gain

Published 02/02/2010, 08:41 AM
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European stock markets advanced on Tuesday, as mining companies made gains in the wake of a surprise decision by Australia's central bank to leave its interest rates unchanged. 

France’s CAC 40 was up 0.62%; Germany's DAX rose 0.49%; the EURO STOXX 50 was up 0.58%; and Britain's FTSE 100 climbed 0.23%. 

However, oil giant BP PLC exerted downward pressure as its shares plummeted 4.78%, after its earnings fell short of analysts' expectations. 

The outlook for U.S. markets, meanwhile, was rosy as Dow Jones Industrial Average futures indicated a rise of 0.14%, S&P 500 futures pointed to an increase of 0.25% and Nasdaq 100 futures indicated a rise of 0.01%.

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