European Shares Start Week With Gains, Led by Basic Resources
Monday, 2 September 2019 14:45 WIB | MARKET UPDATE |Indeks Stoxx Europe 600Saham Eropa

European shares inched higher, led by miners, as nickel ralliedfollowing a ban on ore exports from Indonesia.

The Stoxx Europe 600 Index gained 0.3% as of 9:05 a.m. CET, with basic resources the top-performing sector, up 0.9%. Investors were reminded that the storm season is here as Hurricane Dorian hit the Bahamas, bringing a focus to insurers and equipment rental firms. Italian stocks outperformed, with the FTSE MIB up 0.8%, as acting Prime Minister Giuseppe Conte is poised to form a new Italian government this week.

In Sweden, EQT Partners showed the IPO market is alive by planning what could potentially be the biggest European buyout firm listing in more than two decades. TLG Immobilien AG bought a stake in its German real estate rival Aroundtown AG, starting talks to combine the businesses.

Source: Bloomberg

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