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Market Update : 
Deutsche Bank, Michelin Declines; BP Shell Rise
Author: 123jump.com Staff
123jump.com
Last Update: 5:55 PM EDT April 29 2008


European markets fell after a drop in commodities prices. BP and Royal Dutch Shell edged higher after they reported better than expected earnings. Deutsche Bank reported its first quarterly loss of 131 million after it wrote down loan values of 2.7 billion euros. Tire maker Michelin fell 9% after it reported first quarter sales decline of 2.6% and cut its full year earnings forecast. Eurotunnel will issue rights offering to raise 915 million euros and buy back convertible debt.

 

 

 

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