Stockwatch Daily: Brighter start for Europe while US falls short

Some move up while others stumble downward...

Some move up while others stumble downward...

Internet auctioneer QXL was one of the biggest movers on European bourses this morning, with its share price jumping 28 per cent after the company announced lower than expected losses. Shares were up to 9.25p after opening, still a far cry from the March 2000 high of 744p. BT shares also advanced slightly after the FT reported that the telco is close to selling its Yell division for £2bn. All European bourses advanced slightly this morning, after the US reported on target economic growth of two per cent, but dropped slightly after opening. Tech stocks that tumbled included Logica down 0.8 per cent, ARM Holdings down 1.36 per cent, Alcatel down 3.4 per cent and Nokia down 1.6 per cent.