Friday, 25 Sep 2020 09:46 AM MYT
The pan-European STOXX 600 index fell 1.0 per cent to close at its lowest level since August 3, with the retail, oil & gas and financial services sectors falling the most. “With the recent sentiment change in the market, it should be remembered that market volatility still exists. Exceptionally low interest rates and ample liquidity give investors few choices other than to invest in riskier assets.”
Earlier, a Banco BPM spokeswoman said it was not in contact with bigger rival UniCredit over a potential merger, dismissing a press report. UniCredit rose 2.3 per cent.
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Adidas, upbeat manufacturing PMIs lift European stocks | Malay MailSEPT 23 — A jump in Adidas following an upbeat forecast from US rival Nike and better-than-expected euro zone manufacturing data on Wednesday helped European stocks extend a recovery from a steep sell-off earlier this week. The pan-European STOXX 600 rose 1.3 per cent, with Germany’s DAX,...
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