EU stocks rise be­fore US data

The Pak Banker - - Front Page -


Euro­pean stocks ad­vanced, af­ter the Stoxx Europe 600 In­dex com­pleted its fifth monthly rally yes­ter­day, as in­vestors awaited a re­port that may show U.S. con­sumer con­fi­dence rose and as Chi­nese man­u­fac­tur­ing ex­panded. U.S. in­dex fu­tures fell, while Asian shares were lit­tle changed.

Etab­lisse­ments Mau­rel & Prom led gains, surg­ing 12 per­cent, af­ter three peo­ple fa­mil­iar with the mat­ter said China Petro­chem­i­cal Corp. is con­sid­er­ing a takeover of­fer for the French oil ex­plorer. British Sky Broad­cast­ing Group Plc climbed 3.7 per­cent af­ter first-quar­ter oper­at­ing profit beat an­a­lyst es­ti­mates. Croda In­ter­na­tional Plc (CRDA), the world's sec­ond­largest maker of cos­metic in­gre­di­ents, slumped 4.6pc.

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