Europe shares edge up in early trade; miners gain

LONDON, Aug 17 (BestGrowthStock) – European shares edged up early on
Tuesday, with miners among the gainers as metals prices rose,
with the dollar weaker.

At 0708 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was up 0.3 percent at 1,048.82 points, having
closed flat on Monday.

Miners to gain included Antofagasta (ANTO.L: ), Eurasian
Natural Resources Corp.(ENRC.L: ) and Xstrata (XTA.L: ), up between
0.7 and 1.2 percent.

However, analysts pointed to low trading volumes for shares
and said the market continued to lack a clear direction.

“We wouldn’t expect markets to make too much headway
dramatically in either direction,” said Graham Secker, European
equity strategist at Morgan Stanley.

“We’re in a holding pattern until we get a breakout in the
economic data.”

Carlsberg (CARLb.CO: ) rose 2.4 percent after the brewer
posted a rise in second-quarter operating profit, beating
forecasts, and raised its 2010 outlook due to a stronger Russian
market and better rouble exchange rate.
(Reporting by Brian Gorman)

Europe shares edge up in early trade; miners gain