European shares rise as regional business activity grows at fastest pace in seven months

Record ID: 1985885

  • Title: European shares rise as regional business activity grows at fastest pace in seven months
  • Date: 24th March 2025
  • Summary: FRANKFURT, GERMANY, (MARCH 24, 2025) (REUTERS) TRADING FLOOR SEEN FROM STAIRCASE HEAD OF CAPITAL MARKETS ANALYSIS AT BAADER BANK, ROBERT HALVER IN CONVERSATION CLOSE UP OF DAX GRAPH TRADERS, DAX BOARD IN BACKGROUND DAX START AT 23,075.76 POINTS VARIOUS OF TRADERS VARIOUS OF BANK SHARES (SOUNDBITE) (German) HEAD OF CAPITAL MARKETS ANALYSIS AT BAADER BANK, ROBERT HALVER, SAY
  • Embargoed:
  • Keywords: DAX EUROPE STOCK TRADING
  • Location: FRANKFURT, GERMANY
  • City: FRANKFURT, GERMANY
  • Country: Germany
  • Topics: Europe,Economic Events
  • Reuters ID: LVA001117524032025RP1
  • Aspect Ratio: 16:9
  • Story Text: European shares rose on Monday (March 24) as data showed euro zone business activity grew at its fastest pace in seven months in March, lifting sentiment, while investors awaited more clarity on U.S. tariffs.
    The pan-European STOXX 600 was 0.4% higher by 0908 GMT as data showed Germany's manufacturing production increased for the first time in almost two years.
    In a separate survey, France's flash purchasing managers index (PMI) indicated business activity contracted for a seventh consecutive month in March, although less than economists had forecast.
    The STOXX 600 index climbed last week after two consecutive weekly losses as Germany gave the final green light to a massive surge in borrowing to spur growth in the region's largest economy.
    Germany's fiscal boost, along with U.S. President Donald Trump's trade war on multiple fronts has prompted economists to rein in their U.S. growth forecasts, making European equities more attractive.
    The STOXX 600 has risen 8.3% this year compared with a 3.6% drop in the U.S. benchmark S&P 500 index. Germany's benchmark index DAX outperformed most of its regional peers with its 15.6% rise so far in 2025.
    (Production: Andreas Bürger, Laura Urraca-Makuch)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register