Investing.com UK - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

European shares open at record high; fourth-quarter GDP data in sight

Published 14/02/2020, 08:17
European shares open at record high; fourth-quarter GDP data in sight
STOXX
-
SX6P
-
SX86P
-

(Reuters) - European shares inched up to a record high on Friday ahead of fourth-quarter GDP data from the EU, while concerns over the coronavirus outbreak eased after the World Health Organization downplayed a recent spike in cases.

The pan-European STOXX 600 index (STOXX) rose as much as 0.1% to a record high of 431.42, eyeing a second straight week of gains following a relief rally earlier in the week.

Investors were awaiting the European Union's fourth-quarter GDP flash estimates at 1000 GMT, which are expected to show the European economy barely expanding between October and December amid a manufacturing slump and global trade headwinds.

The virus outbreak could further hurt growth, given China's position as one of the bloc's largest trading partners.

Real estate (SX86P) and utilities (SX6P) were the best performing European sectors, rising 0.5% and 0.4%, respectively.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.