© Reuters. An electronic screen showing the stock trading movement on the German DAX index on the Frankfurt Stock Exchange on Tuesday. Photo: Reuters.
March (Reuters) – European stocks rallied thanks to miners and luxury products on Wednesday, after strong data from China reassured investors fearing an economic slowdown, while declines in BNP Paribas, the euro zone’s largest lender, limited declines. of the winnings.
The European index was up 0.2% by 0812 GMT, kicking off the month with confidence after a strong start to the year.
Factory activity in China in February grew at its fastest pace in more than a decade, an exception in Asia as manufacturing growth stalled elsewhere.
Luxury companies such as LVMH, Kering, Pernod Ricard and Hermes International, which are expanding strongly in China, rose between 1.7 and 2.1 percent.
The European basic resources index jumped 3 percent.
While BNP Paribas fell 2.9 percent after announcing the readiness of a Belgian government entity to sell a third of its 7.8 percent stake in the bank.
(Prepared by Rehab Alaa for the Arabic Bulletin – Edited by Suha Jadu)
