Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Springer, Daily Mail prod European stocks higher

Published 05/30/2019, 03:26 PM
Updated 05/30/2019, 03:30 PM
Springer, Daily Mail prod European stocks higher
UK100
-
IT40
-
DMGOa
-
SPRGn
-
STOXX
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
May 30 (Reuters) - Jumps for two of Europe's biggest
newspaper publishers helped European stocks gain early on
Thursday, recovering from a more than 3-month closing low a day
earlier as trade concerns continued to weigh on stock markets.
Germany's Axel Springer SE SPRGn.DE shares jumped to the
top of the pan-European STOXX 600 .STOXX after it said it was
in talks with private equity firm KKR about a potential
investment in the company. Britain's Daily Mail DMGOa.L also gained 10% after it
reported a better-than-expected 19% rise in first-half adjusted
pretax profit and reaffirmed its forecasts for the full year.
By 0712 GMT, the STOXX 600 was up 0.3%, its first gain for
three days.
Italy's FTMIB .FTMIB , which has been battered this week on
concerns over the country's budget dispute with the European
Union, led gains among country indexes with Britain's blue-chip
FTSE 100 .FTSE underperforming due to a slight strengthening
in the pound.
The European media sector .SXMT gained 1%.
Markets in Switzerland, Denmark, Sweden, Austria among
others were shut on account of Ascension day.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.