Wed. Nov 30th, 2022

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European stocks open higher

1 min read
Us Market

The pan-European Stoxx 600 climbed 0.6% at the start of trading, with tech stocks bouncing 1.4% while oil and gas shed 0.2%.

European investors will be focused on the latest preliminary euro zone purchasing manager’s index (PMI) data for September. The data is due at 9 a.m. London time and will give an indication of the state of health of the region’s services and manufacturing industries.

Ahead of that data, Spain revised its second-quarter GDP (gross domestic product) contraction to 17.8% quarter-on-quarter, less severe than the initial estimate of 18.5%.

Stocks in Asia-Pacific were mixed in overnight trade as investors reacted to recent comments from Federal Reserve Chairman Jerome Powell on Tuesday.


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