Europe open: Slight gains across the Continent



LONDON (ShareCast) - - Banks deposited 173.3bn euros overnight at ECB
- Carrefour (Paris: FR0000120172 - news) moves higher after sales figures

FTSE-100: 0.00%
Dax30: 0.21%
Cac-40: 0.49%
FTSE Mibtel 30: 0.72%
Ibex 35: 0.58%
Stoxx 600: 0.10%

European equities are moving up by a tad, as investors prove resilient to the multiple concerns afflicting the market.

That ahead of a Spanish Treasury debt auction, later today, as well as a barrage of economic and corporate data expected out in the United States.

There is also some interest ahead of the release, tomorrow, of Chinese gross domestic product figures.

Also worth pointing out are the positive comments out of economists at Barclays Research regarding the latest French labour market reforms and reports in the Portuguese press alluding to the possibility that the country may return to international debt markets sooner than had been expected.

Related to the above, Bloomberg TV is today highlighting the strong demand out of London for Italian debt at the country's last Treasury auction.

Nevertheless, the fact is that the flow of company results this morning has come in rather 'mixed.'

Carrefour rises on strong sales in Latin America

Dutch chip equipment maker ASML is off after the company said that it expects full-year net sales to come in at a similar level to 2012, instead of rising by near 10% as expected by analysts.

French drinks maker Remy Cointreau on the other hand has reported a higher than forecast increase in third quarter organic sales.

Carrefour is rocketing higher by 6% after reporting strong growth in Latin America and saying that business continued to improve in France.

Unemployment rose in Holland
Swiss import prices rose at a 0.1% month-on-month pace in December.

The unemployment rate in Holland rose to 7.2% in January after a reading of 7% in December.

Eurozone construction data will be released at 09:00.

Small gain in single currency
The euro/dollar is now slightly higher by 0.47% to the 1.3351 dollar mark.

Front month Brent crude futures are now moving up by 0.327 dollars to the 110.04 dollar mark.