European Stocks
Publish Date : 2019/10/08 - 10:40

European shares ticked higher in early trading on Tuesday, helped by gains in Airbus shares and data showing an unexpected rise in industrial output in Germany, while caution prevailed ahead of U.S.-China trade talks.

The Pan-European STOXX 600 index was up 0.1%, with most regional bourses trading higher.

The August data for Germany provided a shimmer of hope that an expected contraction in Europe’s biggest economy in the third quarter would not be steep.

Airbus (AIR.PA) rose 2.2%, after the plane maker reported higher orders for the first nine months of the year, putting it well ahead of U.S. rival Boeing Co (BA. N).

Also helping sentiment were shares of Nordic telecom companies Nokia Oyj (NOKIA.HE) and Ericsson (ERICb.ST), which rose about 1%, after a report that the U.S. government has suggested issuing credit to help the two companies compete with China’s Huawei.

In a weak spot, shares of London Stock Exchange Group (LSE.L) dropped 6.4% after Hong Kong’s bourse (0388.HK) dropped its unsolicited $39 billion bid for the company.

Source: Reuters

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