|Day's range||7,437.87 - 7,475.91|
|52-week range||6,536.50 - 7,903.50|
The pan-European STOXX 600 index rose for a seventh straight session, its best winning streak since early February with Germany's DAX closing at six-month highs, while London's FTSE 100 fell, dragged by healthcare stocks. The data came on the heels of the German government lowering its forecast for 2019 economic growth on Wednesday, which was overshadowed by better-than-expected economic data out of China. "There is so much pessimism around Europe that the negative PMI data failed to find fresh sellers, triggering short-covering," said Giuseppe Sersale, fund manager at Anthilia Capital in Milan.
The FTSE 100 was down 0.2 percent and the FTSE 250 dropped 0.1 percent. "What's clear from today's PMI numbers is that there are as yet no green shoots of spring for the euro zone," Markets.com analyst Neil Wilson said. Euro zone business activity barely grew in April as demand was sluggish even though prices rose modestly, surveys showed.
While many eyes will turn to the Pinterest and Zoom initial public offerings, part of a strong run of tech IPOs recently, most of the attention will fall on the Justice Department’s release of the redacted Mueller report into U.S. President Donald Trump and Russia. The debate over whether tech stocks will fall when the economic cycle turns to contraction, and businesses and consumers pull back on spending, has heated up in recent years.
European stocks were down on Thursday ahead of the Easter break, as yet more indicators pointed to malaise in the region’s economy. In the U.K., the FTSE 100 (UK:UKX) lost 0.2% to 7457.02 after finishing flat the previous day, while Germany’s DAX fell by 0.3% to 12,122.03 and France dipped 0.4% to 5,542.17. Italy’s FTSE MIB (IT:I945) was the biggest loser among regional indices on Thursday, swooning 0.6% to 21,873.95.
According to the average response in a Bloomberg poll, the Stoxx Europe 600 Index is likely to fall 8.9 percent from Wednesday’s close, to 355 points, by the end of 2019. The Euro Stoxx 50 Index, home of the euro-area’s biggest companies, is seen retreating 6.4 percent from current levels, to 3,255, the survey shows. The region’s equities are being torn between conflicting signals: optimism over global growth has helped boost the value of the Stoxx 600 by about $1.7 trillion from its December lows, while outflows from European equity funds continue almost non-stop.
Oil majors and Asia-focused banks weighed on Britain's main index on Thursday ahead of Easter weekend, while a strong first quarter took Unilever to its highest level in eight months. The FTSE 100 was ...
The pan-European STOXX 600 index was down 0.2 percent by 0930 GMT after five straight days of gains. China's economy unexpectedly steadied in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. "The reaction in equity markets was muted after the data release, probably because much of the positivity has already been priced in," said Hussein Sayed, chief market strategist at FXTM.
The FTSE 100 was little changed by session end, lagging its peers on Wall Street and in Europe, while mid-caps gave up 0.3 percent. Miners lost 1.2 percent after Vale SA said it expected to resume operations at its Brucutu mine within 72 hours. London-listed shares in Rio Tinto fell 2.7 percent and BHP, the world's biggest miner, gave up 2.5 percent after cutting its iron ore output target following a tropical cyclone.
Britain's FTSE 100 was off its six-month high as a fall in miners over Vale's plans to reopen a major Brazilian mine offset gains in banks after upbeat data from China, while Bunzl sank on a slowdown in revenue growth. The FTSE 100 was little changed by session end, lagging its peers on Wall Street and in Europe, while mid-caps gave up 0.3 percent. Business supplies distributor Bunzl plunged 9.3 percent on its worst day in a decade after reporting a slowdown in quarterly growth due to sluggish performance of its grocery and retail business in North America, its biggest market.
London markets were marginally lower as mining giant BHP Group PLC followed rivals in cutting iron ore production guidance. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) fell 0.1% to 7,459.1. It had risen 0.