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Companies team for technologies
LONDON, Sept. 6 (UPI) -- A tech stock rebound lifted most European stock indexes Monday and the euro slipped fractionally against the dollar, the Wall Street Journal reported.
London's FTSE 100 closed at 4,550.80, up 32.20 or 0.71 percent. In Paris the CAC-40 rose 0.2 percent to close at 3,673.2, in Zurich the SMI picked up 0.7 percent and in Frankfurt's Xetra Dax gained 0.4 percent.
In London, media company ITV led gainers, rising 1.7 percent on expectations of cost cutting. Diageo continued to perform well, climbing 1.5 percent, boosted by strong a strong earnings prediction Friday by Allied Domecq, which was up 1.1 percent.
Overall, those stocks most exposed to the global economic cycle gained the most.
Traders said the increases would have been greater if the Labor Day break in the United States had not halted trading in New York.
The euro fell to $1.2060 from $1.2164 in New York, and the British pound sterling slipped to $1.7766 from $1.7888.
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