Europe shares edge up as techs boosted by Google

LONDON, Oct 15 (BestGrowthStock) – European shares edged up on
Friday, with the technology sector supported by strong results
from U.S. peer Google (GOOG.O: ) and oil majors gained as crude
prices climbed towards $83 on the back of a weak dollar.

Some caution, however, was expected ahead of a speech by the
U.S. Federal Reserve chairman Ben Bernanke, which could provide
clues on what officials are planning to do to support the
economy. [ID:nN14141178]

By 0708 GMT, the pan-European FTSEurofirst 300 (.FTEU3: )
index was up 0.2 percent at 1,086.35 points, after closing 0.2
percent lower on Thursday.

Strong quarterly results from Google and U.S. chipmaker
Advanced Micro Devices (AMD.N: ) helped European technology firms
rise, with ASML Holding (ASML.AS: ), Infineon (IFXGn.DE: ) and
STMicroelectronics (STM.PA: ) up 0.4 to 0.7 percent.
[ID:nN14187391] [ID:nN14149178]

“Sentiment after hours are pretty good after those numbers
(from Google). Investors will take the Google numbers well but
with some caution and look ahead to Bernanke and U.S. data due
later this afternoon,” said Giles Watts, head of equities at
City Index.

On the downside, Old Mutual (OML.L: ) lost 4 percent after the
Financial Times reported that HSBC (HSBA.L: ) could drop out from
an $8 billion bid for South Africa’s Nedbank (NEDJ.J: ).
[ID:nLDE69D2H2]
(Reporting by Harpreet Bhal)

Europe shares edge up as techs boosted by Google