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BREAKING NEWS

European shares mixed

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European shares mixed

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European shares started Thursday with a boost from the Federal Reserve’s latest cut in interest rates but finished only slightly higher after a choppy session.

Better-than-expected earnings announced by oil producer Shell, telecoms equipment maker Alcatel-Lucent, Deutsche Bank, supermarket chain Metro and consumer-products company Unilever raised investors spirits.

But the region’s bourses trimmed their gains after a rally on Wall Street lost momentum.

Banking stocks performed well after encouraging results from Deutsche Bank.

Mining companies were also good gainers, but oil producers shares slid as crude prices headed south.