European Shares Rise as LafargeHolcim Agrees to Buy Somaco | Business Post Nigeria

European Shares

By Investors Hub

European stocks have moved to the upside over the course of the trading session as traders react to the mixed Chinese data and the start of earnings season in the U.S.

While the French CAC 40 Index has risen by 0.2 percent, the UK’s FTSE 100 Index and the German DAX Index are both up by 0.5 percent.

LafargeHolcim has moved modestly higher on the day after agreeing to buy Romanian precast producer Somaco from ORESA.

Miners have also moved to the downside as an easing of an export ban by the U.S. on Chinese communication technology provider Huawei and the resumption of U.S.-China trade talks has bolstered commodity prices.

On the other hand, Sports Direct International has slumped after the sports-apparel retailer delayed publishing its results.

Anheuser-Busch InBev has also moved to the downside. The company said on Friday it would not proceed with an IPO of its Asia Pacific unit Budweiser Brewing Company APAC Ltd. on the Hong Kong Stock Exchange.

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Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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