Economic news

Europe’s stocks grow despite of significant news absence

European stocks advanced on Monday as Sino-U.S. trade optimism and strong China’s economic data dispelled some concerns over the global economy.

The EU countries are ready to start the trade talks with U.S.after a certain pause because of some counterstands from France’s side.

european stocks higher 1504 nokiaPhoto: Pixabay

The pan-European index Stoxx 600 was trading near the level of the previous close on Monday, having increased by 0.23 percent to 388.44.

  • Britain’s FTSE 100, sensitive to the exchange rate of the national currency, fell by 0.08 percent to 7,443.10 at 11.19 GMT;

  • Germany’s DAX index inched higher by 0.18 percent  to 12,021.76;

  • France’s CAC 40 index rose by 0.20 percent, to 5,513.41;

  • Spain’s IBEX 35 grew by 0.24 percent to the mark 9,490.70;

  • Italy’s FTSE MIB became the growth leader in the region, having added 0.41 percent, to 21,948.55.

Compass Group, a catering company, lost on Monday 1.90 percent after Barclays downgraded its shares to “equal-weight” border.

Nestle shares in Switzerland fell also on Monday by 1.21 percent, having affected as the food & beverages index, so Swiss SMI index

Digital and Interactive Communication company Publicis gained 2.14 percent even as the France’s advertising company said it would pay $4.4 billion to acquire Alliance Data’s Epsilon marketing unit, whose shares were also up by 2.95 percent.

Finland-based Nokia’s securities went down by 2.84 percent, after Goldman Sachs downgraded it to “sell”.

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