European Shares Edge Up, Aided by Banks, Adidas

Friday, 3 May 2019 14:51 WIB

EropaSaham EropaStoxx Europe 600


European shares ticked higher on Friday, helped by gains among banks and Germany's Adidas, one day after the regional index suffered its worst loss in six weeks.

Investors awaited a range of data points due later in the day including euro zone producer prices for March and U.S. non-farm payrolls for April. The latter are forecast to show an addition of 185,000 net new jobs.

The pan-European STOXX 600 index edged 0.1 percent higher by 0706 GMT, although it was on course to close the week down 0.5 percent, which would be its worst weekly loss in six weeks.

Adidas led the benchmark as shares in the sportswear maker rose about 7 percent after it reported a rise in quarterly net profit thanks to high-margin ecommerce even as overall sales growth slowed.

The personal and household goods sector was the top performing STOXX 600 sub-sector in early trade, with a 0.6 percent rise.

Source : Reuters


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