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European Stocks End Mixed As Markets Weigh Economic Data And Central Bank Policies

03/09/2024 11:50 AM

FRANKFURT, Sept 3 (Bernama-dpa-AFX) -- European stocks closed on a mixed note on Monday as investors continued to process last week's economic data while anticipating further updates to gauge the global growth outlook and potential interest rate changes from major central banks, reported dpa-AFX news.

Data showing continued contraction in eurozone manufacturing activity weighed on sentiment.

The HCOB final manufacturing Purchasing Managers' Index posted 45.8 in August, unchanged from June and July, final data from S&P Global showed. 

The August reading was revised up from 45.6. The score signalled another sharp deterioration in operating conditions. The reading remained below the threshold 50.0 mark since July 2022.

Elsewhere, the UK manufacturing PMI was finalised at 52.5 in August, up from July's 52.1 and hitting a 26-month high as a result of rising output, new orders, and employment.

The pan European Stoxx 600 edged down 0.02 per cent. The UK's FTSE 100 ended down 0.15 per cent, while Germany's DAX and France's CAC 40 gained 0.13 per cent and 0.2 per cent, respectively. 

Switzerland's SMI closed up 0.12 per cent. Among other markets in Europe, Austria, Finland, Greece, Netherlands, Poland, and Portugal ended higher. Denmark, Iceland, Norway, Russia, and Sweden closed weak, while Belgium and Spain ended flat.

--BERNAMA-dpa-AFX

 

 


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