European shares were little changed Monday after sharp gains in some Asian markets, as the dollar firmed against the yen following the weekend meeting of Group of Eight finance ministers.
Banks rose across Europe in a important week for the financial sector. Lehman Bros. was to report earnings later Monday, while Goldman Sachs and Morgan Stanley report Tuesday and Wednesday, respectively.
“The focus will be on the U.S. banks this week,” said Heinz-Gerd Sonnenschein, strategist at Deutsche Postbank in Bonn. “I expect Goldman to be solid and hope that all the bad news is out of the way on Lehman.”
In morning trading, the FTSE 100 index rose 0.3 percent. The DJ Euro Stoxx 50 index, a blue chip barometer for the euro zone, fell 0.1 percent. The DAX in Frankfurt rose 0.2 percent, while the CAC 40 in Paris fell 0.2 percent … read this article
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