Adidas, upbeat manufacturing PMIs lift European stocks | Malay Mail

An Adidas store is seen closed following an outbreak of the coronavirus disease , in Frankfurt, Germany March 27, 2020. — Reuters pic

Investors took heart from data that showed German manufacturing sector activity improved in September, with IHS Markit’s flash PMI rising to 56.6, its highest level in more than two years. The survey showed manufacturers across the euro zone fared much better. However, the survey showed broader business growth ground to a halt this month as the bloc’s service industry slammed into reverse, knocked by a resurgence in coronavirus cases that pushed governments to reintroduce restrictions.

Adidas jumped 6.3 per cent and Puma rose 4.9 per cent after US sportswear maker Nike reported strong earnings and forecast better-than-expected sales for 2020.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks edge higher at open | Malay MailLONDON, Sept 22 ― Europe's stock markets clawed back ground today after a vicious sell-off the previous day, which was rooted in fears of a deadly second coronavirus wave. In initial deals, London's benchmark FTSE 100 index of major blue-chip companies added 0.3 per cent to 5,821.94 points,...
Source: malaymail - 🏆 1. / 86 Read more »

Global traders shun risky assets as new lockdowns loom; stocks, oil tumble | Malay MailNEW YORK, Sept 22 ― Stocks across the world hit their lowest in seven weeks and other risk assets also sold off yesterday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of...
Source: malaymail - 🏆 1. / 86 Read more »