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European Stocks Start Month With Gains, Led by Basic Resources


Friday, 1 November 2019 15:46 WIB

Eropa Stoxx600Saham EropaStoxx Europe 600


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November got off to a positive start, with European stocks climbing after slipping on Thursday. Investor focus remains on developments in trade talks and the upcoming U.S. payrolls report.

The Stoxx Europe 600 rose 0.4% to 398.38 at 8:12 a.m. in London. Basic resources led the sector higher, while banks were the worst performers. Shares of Danske Bank A/S fell after it lowered its guidance for this year. Staying in Denmark, insulin maker Novo Nordisk A/S raised the lower end of its sales forecast.

"Compared to October, November seems uneventful with little things to really look forward to,” said Lippo Suominen, chief strategist at Finnish asset manager FIM. “For investors it probably is time to look for evidence on which way the economy is heading.”

Source : Bloomberg


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