Upbeat growth data from China and a strong prior-day session on Wall Street helped lift European stock markets on Friday, with the benchmark index on track for a seventh straight day in positive territory.
The Stoxx Europe 600 index climbed 0.4% to 317.21, flirting with the highest level in more than five years.
In Europe, Germany’s DAX 30 index added 0.3%, France’s CAC 40 index picked up 0.5%, while the U.K.’s FTSE 100 index rose 0.4%
Shares of L’Oréal SA gained 2.4% after Shiseido Co. said it has entered exclusive talks to sell two of its Paris-based cosmetics businesses to the bigger French rival.
Schindler increased 4.3%, its biggest gain since November 2011, after the elevator maker said it will spend as much as 1.06 billion francs in a modified share buyback program.
Ziggo NV climbed 1.5% after reiterating its full-year forecast for so-called organic-sales growth of about 1%. The Dutch cable-television provider, which this week rejected an offer from Liberty Global Plc, reported third-quarter revenue of 391 million euros ($535 million), compared with analysts’ estimate of 393 million euros.
Cap Gemini advanced 2.6% after starting exclusive talks to buy Areva’s software-services unit Euriware.
On a more downbeat note, shares of Anglo American PLC gave up 2.5% after the miner released a mixed production update for the third quarter with copper, diamond and nickel output up, but iron ore down.
OMV AG dropped 2.3% after the oil refiner said political unrest in North Africa took its toll on hydrocarbon-production levels in the third quarter.
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