European stocks start fourth quarter with gains; focus on PMI data By Reuters

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European stocks start fourth quarter with gains; focus on PMI data

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2023. REUTERS/Staff/File Photo - European stocks started the final quarter of 2023 with modest gains on Monday, as the U.S. avoided a federal government shutdown, while investors focussed on factory activity data for clues on the health of eurozone businesses.Wall Street futures climbed in relief after the U.S.

Investors are awaiting euro zone's manufacturing activity data scheduled for release at 0800 GMT. The HCOB purchasing manager's index , compiled by S&P Global, is seen at 43.4 in September, the same level as shown in the flash reading.) climbed 2.1% after Britain awarded the defence company a 4 billion pound contract as part of the AUKUS programme with Australia and the U.S. to build attack submarines.

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