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European stocks are likely to open on a positive note Monday despite escalating Israel-Gaza tensions and reports suggesting that the U.S. is considering tightening curbs to restrict China's access to advanced semiconductors and chipmaking gear.
European stocks are seen opening slightly lower on Friday as investors react to Chinese data and await directional cues from the U.S. earnings season. China's exports and imports shrank at a slower pace for a second month in September, customs data showed earlier today.
MILAN (AP) — The marriage of carmakers PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in a global market still suffering from the pandemic. PSA Peugeot shareholders on Monday overwhelmingly approved the deal to create the world's fourth-largest carmaker, to be called Stellantis, with the capacity to produce 8.
European stocks were seeing modest gains on Friday after data showed Germany's factory orders rebounded at a stronger-than-expected pace in August, reflecting the robust expansion in demand for computing, electronic and optical products.
French stocks were little changed on Thursday after data showed French industrial production fell in August from the previous month. Retail sales also came in weak, pointing to a weakening of the economy in the third quarter.