Snow blankets northern Saudi region of Al-Jouf    Syrian Air to resume operation between Damascus and Jeddah on Nov. 7 after a hiatus of 8 years    21,370 illegal residents arrested in a week    Bronze Age town discovered in Khaybar Oasis    New mechanism for reviewing taxi fares via applications    Harris and Trump in dead heat as Election Day nears    Spain flooding one of many global extreme weather disasters: UN weather agency    EU braces for potential shifts in transatlantic relations ahead of US presidential election    Israeli army nearing end of ground offensive in southern Lebanon, reports indicate    Al Hilal sets record for longest unbeaten streak across all domestic competitions    Al Nassr and Al Hilal share points in intense Riyadh Derby draw    Riyadh's Sports Boulevard receives Platinum ActiveScore certifications    ImpaQ: Riyadh to host first Impact Makers Forum in December    Saudi Arabia ranks 12th globally in international visitor spending in 2023    Hidden sugars in Asia's baby food spark concerns    Saleh Al Shehri strike seals Al Ittihad's Sea Derby win over Al Ahli    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Derby Week makes its debut in the Roshn Saudi League    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    Indonesia Days event celebrates cultural diversity at Al Suwaidi Park    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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European shares rise
Published in Saudi Press Agency on 30 - 05 - 2005

European shares totted up fresh three-year highs on Friday as techs benefitted from Intel Corp raising its guidance while the crude price boosted oil majors.
Chipmaker Infineon added 4.9 percent and Philips 2 percent after Intel, the world's largest chip maker, increased forecasts for the second quarter because of strong demand for its Centrino notebook computer chips, Reuters reported.
STMicroelectronics rose 3.1 percent in early trade but had halved its gain in mid-day trade.
By 1030 GMT, the FTSEurofirst 300 index was 0.66 percent higher at 1,131.6 points, around its highest level since June 2002, while the DJ Stoxx 50 index of pan European blue chips had risen 0.8 percent to 3,147.9.
On a generally quiet day, investors moved bourses forward after U.S. Federal Reserve chairman Alan Greenspan steadied nerves on Thursday with upbeat comments on the economy and a commitment to interest rate rises.
The dollar held close to last week's nine-month high against the euro, staying firm after Greenspan's remarks while any news from a meeting of G8 finance ministers in London over the next two days is not expected to move markets substantially.
--More 1403 Local Time 1103 GMT


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