26 April 2005, 17:10  European stocks eased despite lower oil prices

European stocks eased despite lower oil prices on Tuesday as the market assessed a mixed bunch of corporate results, while the yen's rally on speculation China might revalue its currency sputtered to a halt. Longer-term government bond yields edged lower as the market awaited U.S. April consumer confidence figures at 1400 GMT, which analysts expect to show a dip in optimism. U.S. stock futures showed Wall Street was likely to give up some of Monday's gains when trading begins, with disappointing results from Europe's biggest computer chip maker. Oil prices slid for a second day as the market took profits from a week-long rise and after soothing words from the world's biggest exporter, Saudi Arabia. Oil also propped up European stocks in the form of a 29 percent increase in first quarter profits from the world's second largest oil company, BP. Тhe Dow Jones industrial average ended 0.83 percent higher, boosted by takeover news and a $6 billion jet order from Air Canada for aeroplane maker Boeing. Earlier, Japan's Nikkei index fell 0.3 percent as investors held back from buying ahead of a rush of earnings figures.

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