Britain's FTSE 100 continued its
climb to record highs on Tuesday while Europe's top benchmark
failed to hold early gains with financials the biggest
The pan-European STOXX 600 index down 0.3 percent, while the
FTSE 100 hit a new all-time high of 7,261.16 points
before paring back slightly, up 0.2 percent.
France's CAC 40 was up 0.3 percent and Germany's DAX also
gained 0.3 percent in early deals.
British retailer WM Morrison was a top gainer in the
STOXX after Christmas trading results exceeded expectations. Its
shares were up 4.5 percent and the stock had already traded a
full days' volume within the first 15 minutes of trading.
Fast food delivery company Just Eat was the top
faller, down 6.3 percent after its results, which indicated full
year order growth of 42 percent, but analysts at Jefferies said
the company was 'likely to disappoint'.
Insurance and banking sectors were the top
fallers, with Italian banks back in focus after Poplare di
Vicenza and Veneto Banca proposed a settlement deal with
shareholders that could cost more than 600 million euros.
Industrials extended their recent gains, buoyed by Germany's
Siemens and France's Airbus, which was set
to outperform plane deliveries for 2016.