European stocks rise for first time in three sessions

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.

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