Stoxx Europe 600 fifth consecutive monthly gain

Source: Bloomberg
© Scanpix/Reuters
Stoxx Europe 600 Index climbed almost half of a percent yesterday closing fifth consecutive positive month with total of 16% gain. Analysts speculate this mainly happened due to upcoming announcements which should show that U.S. consumer confidence increased and Chinese manufacturing accrued for the first time in the last quarter. Index gains were mainly fueled by news that Sinopec Group is considering a takeover bid on Etablissements Maurel & Prom whose stocks rallied 14% after this announcement.
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Thu, 01 Nov 2012 10:55:12 GMT

U.K. manufacturing PMI slides in October

British factory activity decreased for a sixth consecutive month in October, Markit Economics said on Thursday. The seasonalized CIPS Purchasing Manager's Index dropped to the three-month lowest level of 47.5, after a downwardly revised reading of 48.1 in September. Economists had forecast a smaller decline to 48.Production volumes slipped for a fourth month, with the rate of decrease the second-fastest

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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