Euro stocks rise despite mixed markets

Nov 29, 2011, 10:57 by R.E. Christian

U.S. stocks turned mixed Tuesday on stronger consumer confidence but mixed data on U.S. housing.

The Conference Board said its consumer confidence index jumped from 40.9 in October to 56 in November, the highest posting since July.

The Federal Housing Finance Agency said home prices rose 0.2 percent in the third quarter over the second, but rose 0.9 percent in September compared with August. The S&P/Case-Shiller home pricing report said prices rose 0.1 percent quarter-to-quarter, as the annual rate of decline slowed, while remaining in a downward trend.

In early afternoon trading on Wall Street, the Dow Jones industrial average, up 291 points Monday, added 60.10 points, 0.52 percent, to 11,583.11. The Standard & Poor's 500 index gained 5.48 points, 0.46 percent, to 1,198.03. The tech-heavy Nasdaq composite index shed 7.50 points, 0.3 percent, to 2,519.84.

The benchmark 10-year treasury note lost 4/32 to yield 1.001 percent.

The euro rose to $1.3321 from Monday's $1.332. Against the yen, the dollar fell to 77.86 yen from Monday's 77.96 yen.

In Tokyo, the Nikkei 225 index added 2.3 percent, 190.33 points, to 8,477.82.

In London, the FTSE 100 index gained 0.46 percent, 24.24, to 5,337.00.

Source: UPI