European stock markets moved higher on Monday as investors digested the latest round of PMI data from China and the euro zone, but stayed cautious ahead of the U.S. Federal Reserve meeting coming later in the week.
The Stoxx Europe 600 index gained 0.3% to 310.81, after closing lower for a second straight week on Friday.
In Europe, Germany’s DAX 30 index gained 0.3%, and France’s CAC 40 index added 0.2%. The U.K.’s FTSE 100 index rose 0.1%.
Among notable movers, shares of Aggreko PLC rallied 6.2% after the temporary-power provider said it expects full-year results to be ahead of expectations.
H&M Hennes & Mauritz AB climbed 2.5% after the Swedish fashion retailer said sales rose 21% in November in local currencies.
On a more downbeat note, mining firms were on the decline after data showed growth in China’s manufacturing-sector activity slowed to a three-month low in December. The “flash” HSBC/Markit purchasing manager’s index eased to 50.5 from November’s 50.8.
Shares of Anglo American PLC dropped 1.3%, BHP Billiton PLC fell 0.9% and Rio Tinto PLC lost 0.5%.
PMIs were in the spotlight in Europe, where data showed growth in the euro zone’s manufacturing sector was at the highest in 31 months. On a country level, the manufacturing PMI in France slipped to a seven-month low, but rose to a 30-month high in Germany.
Data showed German Manufacturing PMI was better forecasts at 54.2 (versus 53), but miss on Services at 54 (versus 55.5 expected).
Комментариев нет:
Отправить комментарий