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UPDATE 1-Bourses shrug off Wall Street decline.

Europe Intelligence Wire

| August 10, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FT Investor (Stories))

LONDON (FT.com) - European stock markets pushed higher in Tuesday's early trade as investors brushed aside overnight weakness for Wall Street and focused instead on early gains for US stock index futures.

The pan-European FTSE Eurotop 100 index rose 1.1 per cent to 1,831.21, while the Xetra Dax index in Frankfurt was 1.4 per cent higher.

In Paris, the CAC 40 was up 1.3 per cent and London's FTSE 100 firmed 0.8 per cent.

Overnight on Wall Street, the Dow Jones Industrial Average fell 1.4 per cent and the Nasdaq Composite eased 1.8 per cent.

M&S cheer

Marks and Spencer , the UK high street retailer, provided the market with some cheer after it reported that its like-for-like sales in the 12 weeks to September 28 rose by 10 per cent, and were up by 8.8 per cent for the half-year to the same date.

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