European stocks finished the day ahead but down from their earlier highs.
Among the factors influencing investors was a bigger-than-expected fall in German industrial output – down 1.9 percent month-on-month in April -and signs of the start of a house prices recovery in England and Wales where they fell at their slowest annual pace for one and a half years. Across the Atlantic, the US government’s given 10 of the biggest American banks approval to pay back a combined 68 billion dollars of bailout money. European technology firms benefited from US microchip firm Texas Instruments raising its targets for second-quarter earnings and revenue – among the gainers Nokia, STMicroelectronics and Alcatel-Lucent. Oil prices ended a two-day decline as the dollar slid against other currencies.