European Equity Markets Turn in Mixed Performance

November 18, 2019
European Equity Markets Turn in Mixed Performance

By Investors Hub

The major European markets are turning in a mixed performance on Monday as investors look for further news on a potential U.S.-China trade deal after reports said the two sides had “constructive discussions” over the weekend in a high-level telephone call.

With no big earnings news or economic data due for the day, most of the other markets in Europe are subdued amid stock specific activity.

While the U.K.?s FTSE 100 Index is just above the unchanged line, the French CAC 40 Index is down by 0.5 percent and the German DAX Index is down by 0.6 percent.

Meanwhile, according to reports, British political leaders are gearing up to present their election manifestos to business leaders during the Confederation of British Industry conference.

Shares of Bolsas Y Mercado Espanoles have moved sharply higher after Swiss Stock Exchange operator SIX Group said it is willing to offer 34 euros per share to acquire the Madrid bourse in an all-cash deal.

Consort Medical shares have also soared after Swedish pharmaceutical group Recipharm said it has agreed to buy the company for 505 million pounds.

The two companies said in separate statements that the board of Consort Medical had unanimously recommended the cash offer.

Shares of Qiagen have also shown a strong move to the upside after the company said it is exploring a sale following indications of interest.

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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