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European shares edge lower after dismal France data

Published 23/09/2019, 08:25
© Reuters.  European shares edge lower after dismal France data
UK100
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STOXX
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(For a live blog on European stocks, type LIVE/ in an Eikon

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Sept 23 (Reuters) - European shares edged lower on Monday

after weaker-than-expected business activity data from France,

the bloc's second-largest economy, while investors remained

cautious following mixed signals from U.S.-China trade talks.

French business activity expanded at a slower than expected

pace in September as manufacturing sector growth eased to a near

standstill, a survey showed on Monday. The pan-European STOXX 600 index .STOXX fell 0.3%.

London's FTSE 100 .FTSE rose 0.1%, helped by a jump in

shares of tour operator TUI after the collapse of rival Thomas

Cook. IHS Markit's Composite Final Purchasing Managers' Index

(PMI) for Germany is expected at 0730 GMT and the euro zone's at

0800 GMT.

The surveys are often considered a reliable gauge of overall

economic health, with focus on Germany as the bloc's biggest

economy battles a recession in manufacturing.

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