European equity bourses are maintaining opening gains Friday, with
FTSE-100 outperforming after the sharp fall in Sterling LIBOR rates,
which is seen as a positive step in thawing the
freeze in bank lending and in turn underpinned gains in banking stocks.
British Airways is a notable gainer after it said that it would make a
small profit in the current financial year and defied expectations of a
full-year loss. Oil stocks are higher along with mining stocks,
tracking rise in underlying oil and metal prices. CAC-40 is up 13pts
(+0.37%), Xetra-DAX is up 14pts (+0.81%) and FTSE-100 is up 62pts
(+1.44%).