Europe: Shares open higher
[MILAN]European shares opened higher on Monday as a sell-off triggered by China concerns and tumbling oil prices ran out of steam, with wind turbine makers Vestas Wind and Nordex among the leading gainers following a landmark climate deal.
The pan-European FTSEurofirst index was up 0.7 per cent by 0825 GMT, after falling more than 2 per cent on Friday.
Vestas Wind rose 2.5 per cent, making it the second biggest gainer on the FTSEurofirst index. Among other possible beneficiaries of the climate deal, Nordex rose 3.6 per cent and Gamesa, which also makes wind turbines, rose 1.3 per cent.
South-Africa exposed Old Mutual surged 10 per cent after the rand advanced following the appointment of a new finance minister in the country.
Telecom Italia ordinary shares rose 1.9 per cent as a plan to convert saving shares into ordinary stock was seen at risk after top investor Vivendi said it would abstain from voting in favour of the move.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard