European stock indexes closed higher

October 24, 2024

Brussels, October 24 (QNA) – European stock indices closed their trading higher today, thanks to the assessment of quarterly business results after the release of economic data that showed an improvement in business activity in the euro zone.

There was no significant change in the European Stoxx 600 index, closing at 518.9 points after three sessions of losses.

Britain’s FTSE index rose 0.15% to reach 8,269 points, France’s CAC increased by around 0.1% to close at 7,503 points, and Germany’s DAX rose 0.35% to 19,443 points.

The travel and entertainment sector led the gains, rising 3.2 percent to its highest level in nearly seven months, as shares in Swedish company Evolution rose 15 percent after announced a third quarter that was in line with expectations.

Luxury goods stocks came in second, with Hermes shares rising 1 percent, while the auto sector was also boosted by French carmaker Renault’s rise in shares by 4.7 percent after an unexpected rise in futures – his seasonal entry. While the sub-index for personal and household goods rose by 1.1 per cent.

In the largest economies in the euro zone, the manufacturing purchasing managers’ index rose this month to 42.6 points from 40.6 points in September last year, while services activity also increased to 51.4 points. from 50.6 points.

Keywords

Economy, global