European shares edge higher, take a breather after global rally
22/11/2017 08:00
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LONDON, Nov 22 (Reuters) - European shares opened slightly
higher on Wednesday, losing some of the momentum that pushed
stocks in Asia and on Wall Street to new highs overnight on
continued faith in synchronised economic growth around the
world.
The STOXX 600 .STOXX benchmark was up 0.1 percent by 0842
GMT with most European bourses trading in positive territory.
Norwegian media group Schibsted SBSTA.OL posted the
sharpest decline of the index after an offering of B-shares to
finance mergers and acquisitions in online classifieds. Its
shares retreated 8.2 percent.
Akzo Nobel AKZO.AS rose 1.7 percent after Nippon Paint
4612.T made an all-cash offer on U.S. coatings company Axalta
AXTA.N , ending talks to create what had been described as a
merger of equals between Akzo and Axalta. urn:newsml:reuters.com:*:nL8N1NR6UW
The FTSE .FTSE was up 0.2 percent, about four hours before
British finance minister Philip Hammond presents his budget,
under pressure to help unhappy voters as the country faces
faltering economic growth. urn:newsml:reuters.com:*:nL8N1NR5FG
On the domestic UK corporate front, SSP Group SSPG.L ,
which operates restaurants and bars at travel locations, posted
one of the best performance for European blue-chips with a 6.7
percent jump after beating expectations for full-year results
and proposing a special dividend.
(Reporting by Julien Ponthus; Editing by Georgina Prodhan)
((julien.ponthus@thomsonreuters.com; 02075426189; Reuters
Messaging: julien.ponthus.thomsonreuters.com@reuters.net))
(( For pan-European market data and news, click on codes in
brackets:
European Equities speed guide................... EUR/EQUITY
FTSEurofirst 300 index.............................. .FTEU3
STOXX Europe index.................................. .STOXX
Top 10 STOXX sectors........................... .PGL.STOXXS
Top 10 EUROSTOXX sectors...................... .PGL.STOXXES
Top 10 Eurofirst 300 sectors................... .PGL.FTEU3S
Top 25 European pct gainers....................... .PG.PEUR
Top 25 European pct losers........................ .PL.PEUR
Main stock markets:
Dow Jones............... .DJI Wall Street report ..... .N
Nikkei 225............. .N225 Tokyo report............ .T
FTSE 100............... .FTSE London report........... .L
Xetra DAX............. .GDAXI CAC-40............... .FCHI
World Indices..................................... 0#.INDEX
Reuters survey of world bourse outlook......... EQUITYPOLL1
Western European IPO diary......................... WEU/IPO
European Asset Allocation........................ EUR/ASSET
Reuters News at a Glance: Equities................. TOP/EQE
Main currency report:................................. FRX/ ))
Keywords: EUROPE STOCKS/