The German DAX DAX, +0.76% rose 0.86% to 13239.46, the French CAC 40 PX1, -0.02% gained 0.59% to 6048.99 and the U.K. FTSE 100 UKX, -0.02% increased 0.03% to 7577.94.Analysts at consultancy Oxford Economics lowered their global recession probability for 2020 to 25% from 30%, citing data coming in largely as expected and the reduction in some uncertainties.
Of stocks on the move, U.K. clothing and food retailer Marks & Spencer MKS, +2.49% rose 3.5%. This was on an upgrade to buy from sell at German bank Berenberg, which said it expects a significant improvement in sales momentum in clothing and home, and ongoing positive sales in food. Aston Martin Lagonda shares AML, -16.47% tumbled 10% as the struggling car maker reported lower sales, higher selling costs and lower margins in December and didn’t give an update on its expectations for fiscal 2020.
Dassault Aviation AM, -3.41% shares fell 3.2% as the aircraft manufacturer reported 40 deliveries of the Falcon business jet for 2019, below the company’s expectations of 45 in what it deemed a “difficult” market. Its deliveries of 26 Rafale fighter jets were in line with guidance. Steve Goldstein Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks seen lower as US-Iran tensions fuel safe haven buyingEuropean stocks are set to open lower on Monday, as investors monitor rising tensions between the United States and Iran. zerohedge 'Britain's FTSE 100 is seen falling 34 points to 7,580, Germany's DAX slumping 110 points at 13,092, and France's CAC dropping 43 points to 5,983, according to IG index data.'
Source: CNBC - 🏆 12. / 72 Read more »
Dow drops more than 100 points as Middle East turmoil sparks geopolitical worriesOil prices keep climbing after Friday's spike following a U.S. airstrike in Baghdad that killed top Iranian Gen. Qasem Soleimani. Is that part of the game that we have seen before? Trump is bad for America! End of day we'll see new record highs. This market is just so faked and managed thanks to the NewYorkFed TRUMP FACT: Deny Obvious Truths, Lie, Spread Fake News, Attack Sources, Blame Others, Humiliate Women, Care Only About Himself, Cheat Contractors/Students/Taxes, Insult, Bully, Deflect/ Distort Truth, Con Man. All in Trump’s Malignant Narcissist DNA. And I’m a former Republican
Source: CNBC - 🏆 12. / 72 Read more »
European shares tumble on U.S.-Iran faceoff; oil stocks near two-month highEuropean shares extended losses on Monday as tensions following the killing of a... Don´t buy any american stuff. The worst of the war is that everything derived from oil will be all expensive, the world cost of the barrel can reach up to 6% and who will pay the duck? the people in over 60 countries.
Source: Reuters - 🏆 2. / 97 Read more »
European stocks set to rebound as geopolitical fears abateEuropean shares are set to open higher on Tuesday amid an easing of concerns over geopolitical tensions in the Middle East.
Source: CNBC - 🏆 12. / 72 Read more »