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European Shares Rally On Strong Economic Data

European Shares Rally On Strong Economic Data
Euro zone manufacturing activity expanded at a record pace in May despite supple bottlenecks, a survey showed.
IHS Markit s final Manufacturing Purchasing Managers Index (PMI) rose to a new record high of 63.1 in May from April s 62.9. This was up from a prelim 62.8.
Inflation in the region hit its highest level since October 2018 as COVID-19 restrictions across Europe were scaled back, Eurostat said.
Consumer prices in the 19 countries sharing the euro reached 2.0 percent, beyond the target of the European Central Bank.
The pan European Stoxx 600 jumped 1.1 percent to 451.41 after declining half a percent on Monday. The German DAX soared 1.4 percent and France s CAC 40 index climbed 0.8 percent. ....

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Daimler, Nokia end legal spat over patent fees

Daimler, Nokia end legal spat over patent fees
German automaker Daimler and Finland’s Nokia Corp. have signed a patent licensing agreement, the companies announced Tuesday, ending a row that highlighted a battle between tech an. ....

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DAX Climbs On Recovery Hopes

DAX Climbs On Recovery Hopes
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks rallied on Tuesday after a survey showed strong demand kept German factories humming in May.
IHS Markit s Final Purchasing Managers Index (PMI) for manufacturing rose to 64.4 from a flash reading of 64.0, but below March s record high 66.6.
Meanwhile, Germany s jobless rate fell marginally to adjusted 4.4 percent in April from 4.5 percent in March, labor force survey results from Destatis revealed.
On an unadjusted basis, the unemployment rate remained unchanged at 4.6 percent in April. The number of unemployed decreased 29,000 or 1.4 percent on month to 2.01 million.
The benchmark DAX jumped 181 points, or 1.2 percent, to 15,602 after declining 0.6 percent in the previous session. ....

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European Markets Close On Upbeat Note On Buoyant Economic Data

European Markets Close On Upbeat Note On Buoyant Economic Data
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets closed on an upbeat note on Tuesday with several benchmark indices from the region posting new all-time highs, amid rising optimism about global economic recovery.
Stronger than expected economic data from China, and factory activity and inflation data from the euro area underpinned sentiment.
An announcement from French finance minister that the government will set up a 3 billion euro fund to support mid-sized and large companies as they emerge from the pandemic crisis helped as well.
The pan European Stoxx 600 climbed 0.75%. The U.K. s FTSE 100 surged up 0.82%, Germany s DAX advanced 0.95% and France s CAC gained 0.66%, while Switzerland s SMI ended 0.63% up. ....

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Rogers outage may create long-lasting headaches for carrier, experts say

Rogers outage may create long-lasting headaches for carrier, experts say
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