Home | China | World | Business European Stocks End Higher TUE, FEB 26, 2002     European major stock markets ended higher on Monday, led by media and auto stocks and supported by encouraging U.S. corporate and economic news. The media sector got a boost from Deutsche Bank, which raised its position on the sector to "overweight" from "neutral," saying the industry should benefit from a recovery in cyclical stocks. British media group Granada gained 6.1 percent after investment bank Goldman Sachs raised its recommendation on the stock to "market outperformer" from "market performer." French media giant Vivendi Universal rose 3.7 percent, while TVgroup TF1 gained 2.9 percent in Paris. Telecoms also turned in a mostly positive performance in Europeon Monday. British telecoms group COLT Telecom was up 15.5 percent,while British giant Cable & Wireless added 4.8 percent and BT Group rose 3.5 percent. Marconi jumped 14.9 percent while Energis climbed 29.7 percent after the British-based telecoms group said it had received expressions of interest from potential buyers for some of its operations. In the auto sector, stocks gained on a positive earnest outlook from General Motors, pointing to a better-than-expected environment for the industry. German-American auto giant Daimler Chrysler was the top gainer in Frankfurt in late trading, rising 5.2 percent. German car maker Volkswagen was up 3.3 percent .BMW added 2.3 percent and French car maker Renault rose 1.6 percent. In London, stronger banks and oils lifted Britain's FTSE 100 index to its highest close in a week as investors took their lead from gains on Wall Street and anticipated strong U.S. economic data this week. The blue-chip index closed up 49.9 points or 0.99 percent at 5,100.7 points. In Frankfurt, Daimler Chrysler sped higher as a positive outlook from General Motors raised prospects for a brighter U.S. car market, giving the DAX a kick upwards with help from rallying techstocks. The DAX index closed at 4,863.54 points, up 117.96 points or 2.49 percent. In Paris, Luxury goods maker LVMH topped a broad-based rally in French shares and upbeat forecasts from U.S. firm Qualcomm pumped up sentiment on recently beaten-down technology and telecom shares. The benchmark CAC-40 index closed up 60.24 points or 1.42 percent at 4,305.44 points. The pan-European FTSE Eurotop 300, a broader index of the region's largest stocks, rose 1.4 percent, with the IT and technology sectors also helping to move markets higher. Editor:Zhong Source:Xinhua Recommend to your friend email:    China Central Television,All Rights Reserved