Europe: Shares rebound, shrugging off weak China data
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] European stocks rose on Monday, remaining within recent tight ranges after the previous session's fall, with shares resilient to weak China data published over the weekend following a rise on Wall Street at the end of last week.
The pan-European FTSEurofirst 300 index was up 0.2 per cent at 1,403.46 points by 0706 GMT.
European shares had fallen for a second straight day on Friday, with the FTSEurofirst ending one per cent lower at 1,401.07 points, but the index still recorded its biggest weekly rise since July.
The index has traded in a range of just 100 points since August 25.
US shares finished Friday higher after the European market close, although Asian shares were mixed on Monday after Chinese markets were hit by soft economic data.
The top riser was RELX, up 1.9 per cent after being raised to "outperform" by Exane BNP Paribas.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
