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French shares among the biggest advancers as eurozone economic activity

collected by :Mathio Rix

 

European stocks closed in the green on Tuesday, with French shares among the biggest advancers as eurozone economic activity remained at a six-year high.
“This sentiment is also spreading across financial markets, with many market participants now realizing that the eurozone economy had been written off too early,” he said.
Severn Trent PLC shares SVT, +1.93% rose 1.8% after the British water company upgraded its dividend policy and posted a rise in fiscal 2017 earnings.
Overall, the IHS Markit eurozone PMI held a six-year high in May, at 56.8.
The figures indicated an 11th straight month of private sector growth in Europe’s third-largest economy, said IHS Markit.

positive sentiment in Europe followed economic data showing the euro zone keeping up a strong growth rat

referring to This positive sentiment in Europe followed economic data showing the euro zone keeping up a strong growth rate.
In particular, the French private sector rose to a six-year high in May supported by the election of President Emmanuel Macron.
This boosted the French CAC 40, which closed up 0.47 percent, and banking shares, which closed up 0.79 percent as a sector.
On the other hand, the Swiss firm Clariant dropped 2.55 percent on Tuesday as shares took a breather after strong gains seen on Monday.
Nokia was crowned the STOXX 600’s best performer, ending 6.43 percent higher.
r strong economic data

 

Europe ends mostly higher after strong economic data; Nokia pops 6.4%

referring to This positive sentiment in Europe followed economic data showing the euro zone keeping up a strong growth rate.
European bourses moved higher on Tuesday as investors digested fresh economic data in the euro zone after waking up to news of another suspected terrorist incident in the U.K.European bourses closed mostly in positive territory on Tuesday, on the back of a solid set of economic data for the euro zone .
The pan-European Stoxx 600 (^STOXX) finished the session up 0.22 percent, with most sectors closing in the black.
Meanwhile, finance ministers of the euro zone failed to reach an agreement with the International Monetary Fund over debt relief for Greece.
British retailer Marks and Spencer (London Stock Exchange: MKS-GB) finished almost 2 percent down after a survey from the Confederation of British Industry said retail sales growth faded away in May as inflation rises.
Europe ends mostly higher

 

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