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European Equities Close Mixed in Tuesday Trading; UK Private Sector Growth Softens in October
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European Equities Close Mixed in Tuesday Trading; UK Private Sector Growth Softens in October
Nov 5, 2024 9:47 AM

12:23 PM EST, 11/05/2024 (MT Newswires) -- The European stock markets closed mixed in Tuesday trading as Germany's DAX increased 0.55%, France's CAC gained 0.48%, the Stoxx Europe 600 rose 0.04%, the Swiss Market Index fell 0.26% and the FTSE in London slid 0.14%.

The final S&P Global UK PMI Composite Output Index dropped to 51.8 in October from 52.6 in September, against the flash estimate of 51.7. The reading is the lowest since November 2023.

France's monthly industrial production slipped 0.9% in September, following the revised 1.1% increase in August, according to national statistics agency Insee. Analysts expected a 0.7% drop for the month. Year over year, French industrial output was down 0.6%.

And in corporate news, Deutsche Post led the decliners on the DAX after the logistics giant reported that its consolidated net profit for the three months ended Sept. 30 fell to 751 million euros ($820.2 million) from 807 million euros a year earlier. Revenue rose to 20.59 billion euros from 19.4 billion euros.

British asset manager Schroders said its total assets under management climbed to a record 777.4 billion British pounds ($1.013 trillion) in the three months ended Sept. 30 from 773.7 billion pounds on June 30.

Swiss recruitment firm Adecco Group reported that its Q3 net income attributable to shareholders fell to 99 million euros from 103 million euros and revenue dropped to 5.7 billion euros from 5.96 billion euros year over year.

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