Europe Stocks, Stoxx 600

Europe Stocks, Stoxx 600

Europe: Positive trade cues help stocks wrap up dour week on an upbeat note

Read more at The Business Times.

23.11.2019

Europe: Positive trade cues help stocks wrap up dour week on an upbeat note

Read more at The Business Times.

"Despite a little slippage of the composite index, the Eurozone PMIs add to the growing number of indicators that suggest the downturn in global trade and manufacturing is approaching the bottom," said Berenberg economist Florian Hense.

However, in Britain, a survey showed business this month suffered its deepest downturn since mid-2016 as the approach of a national election exacerbated uncertainty about Brexit, causing a sharp fall in the pound.

Among stocks, Italian broadcaster Mediaset rose more than 2 per cent after sources told Reuters that French media group Vivendi is prepared to sell part of its stake in the firm at a loss in an attempt to reach a deal to end years of bitter legal disputes.

Umicore slid nearly 4 per cent as Bank of America Merrill downgraded the Belgian materials and technology group to"neutral".

Read more: The Business Times

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Hong Kong: Shares end week on positive noteRead more at The Business Times.

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Europe: Stock markets extend losses at openRead more at The Business Times.

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