25 June 2001, 09:22  European stocks higher on rate cut hope, but gains limited

London, June 22 (BridgeNews) - Most major European stock markets closed higher as gains by banks and financial stocks enabled markets to end a choppy week on a firm footing. Hopes for a cut in U.S. interest rates helped the banks, but weaker-than-expected business confidence data from Germany and more warnings about corporate earnings in the U.S. limited gains. At 1600 GMT, the FTSE Eurotop 100 Index was up 2 points, or 0.1%, at 3141 points.

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