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European stocks close higher as investors shrug off weak data, look to strong earnings


Thursday, 18 April 2019 23:19 WIB

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European stocks closed higher on the final day of a shortened trading week, as investors looked past weak euro zone data to fresh corporate earnings.

The pan-European STOXX 600 closed up 0.2% to 390.46, with sectors and major bourses largely in positive territory.

Equities initially turned negative after the release of weak manufacturing PMI numbers out of France and Germany. German manufacturing data came in below expectations, while France’s data also showed a decline in output.

PMI data for the euro zone came also came in below forecasts, stoking concerns of a slowdown in the region. The euro fell to a one-week low against the dollar after the figures were released.

Source : CNBC


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