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European shares tread water after mixed data, earnings | Malay Mail

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LONDON, Nov 6 — European shares took a breather today after closing at a four-year peak in the previous session, as a mixed bag of earnings reports and weak services sector data from the euro zone weighed on sentiment. Societe Generale shares rose 4.6 per cent to a six-month high after the bank...

European shares have logged strong gains this week on growing optimism over a trade truce between the United States and China. — Reuters pic

The update helped power a one per cent rise in bank stocks, the most among the major European sub-sectors. The pan-European STOXX 600 index struggled for direction after rising about 0.1 per cent in early trading. “There is a little bit of a holding pattern after the optimism we saw on the trade front and the effect is just slowly wearing off,” said Chris Beauchamp, chief market analyst at IG Group.

 

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