Trade The News | Jan 21, 2013 07:19AM ET
Notes/Observations
Indices: FTSE 100 +0.32% at 6,165, DAX +0.3% at 7,726, CAC-40 +0.2% at 3,748, IBEX-35 +0.0.4% at 8,638, FTSE MIB +0.2% at 17,594, SMI -0.6% at 7,329, S&P 500 Futures +0.1% at 1,479.0
European markets were slightly positive in the session taking its cue from a positive close on Wall Street Friday. Overall volumes were lighter than usual during the session as US markets were slated to be closed for Martin Luther King day with price action fairly calm
UK Movers: Education and media group Pearson [PSON.UK] dropped after the company cut its earnings forecasts for 2012,citing UK government changes to apprenticeship program requirements that were forcing it to close a business unit. Admiral Group [ADM.UK] was the biggest gainer, +5.6% after Goldman Sachs upgraded the stock to buy and adds it to its conviction list
Swiss movers: Shares in Compagnie Financiere de Richemont [CFR.CH] maker of high-end watches, fell as its third-quarter revenue came in short of expectations.
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