Europe stocks mostly higher; Ericsson, Alcatel off
MADRID (MarketWatch) — European stock markets opened slightly higher on Wednesday, with sentiment helped by better-than-expected results from iPhone maker Apple Inc. late the prior day. ARM Holdings PLC , whose chips can be found in Apple smartphones, rose over 4% in London, helping the FTSE 100 index rise 0.4% to 5,774.20. Shares of Ericsson AB tumbled 14% after poor results, leaning on fellow telecom equipment maker Alcatel-Lucent , off nearly 7%. The Stoxx Europe 600 index was flat at 256.11, but the German DAX 30 index rose 0.3% to 6,441.31. The French CAC 40 index rose 0.4% to 3,335.83.
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