English
French
German
Italian
Russian
Spanish
European stocks start fourth quarter with gains; focus on PMI data
European stocks start fourth quarter with gains; focus on PMI data By Reuters
Breaking News
‘;
Published Oct 02, 2023 03:33AM ET
(C) Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2023. REUTERS/Staff/File Photo
(Reuters) – European stocks started the final quarter of 2023 with modest gains on Monday, as the U.S. avoided a federal government shutdown, while investors focussed on factory activity data for clues on the health of eurozone businesses.
The pan-European STOXX 600 index rose 0.4% as of 0717 GMT, after ending the third quarter about 2.5% lower on Friday.
Wall Street futures climbed in relief after the U.S. Congress passed a stopgap funding bill late on Saturday, avoiding the federal government’s fourth partial shutdown in a decade.
Investors are awaiting euro zone’s manufacturing activity data scheduled for release at 0800 GMT. The HCOB purchasing manager’s index (PMI), compiled by S&P Global, is seen at 43.4 in September, the same level as shown in the flash reading.
Among individual stocks, Vivendi (OTC:VIVHY) rose 3.3% after Barclays upgraded the French media company to “Overweight”.
BAE Systems (LON:BAES) climbed 2.1% after Britain awarded the defence company a 4 billion pound ($4.89 billion) contract as part of the AUKUS programme with Australia and the U.S. to build attack submarines.
($1 = 0.8187 pounds)
European stocks start fourth quarter with gains; focus on PMI data
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
(C) 2007-2023 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
