AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Markets

European shares hit record high, PMIs take spotlight

French business activity grew at a steady pace in December despite a nationwide strike against pension reform.
Published December 16, 2019
  • French business activity grew at a steady pace in December despite a nationwide strike against pension reform.
  • The pan-European STOXX 600 index gained 0.89pc to 415.68 points, surpassing the previous life-high made in April 2015.

LONDON: European shares hit an all-time high on Monday as a "totally done" initial trade deal between the United States and China kept the momentum rolling after a rally last week spurred by Britain's election.

The pan-European STOXX 600 index gained 0.89pc to 415.68 points, surpassing the previous life-high made in April 2015.

Trade-sensitive miners were the top gainers after U.S. Trade Representative Robert Lighthizer said over the weekend that a "phase one" U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is "totally done".

Germany's DAX lagged its European peers, however, as Markit's Purchasing Managers' Index showed private sector activity shrank for the fourth month running in December as a downturn in manufacturing offset services sector growth.

French business activity grew at a steady pace in December despite a nationwide strike against pension reform, but the activity in the manufacturing sector came unexpectedly close to stagnating.

London's FTSE 100 jumped 1.2pc, with banks extending gains as British Prime Minister Boris Johnson eyed a vote in parliament soon to deliver his Brexit deal.

Comments

Comments are closed.