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German stocks boosted by upbeat China data, London lags on lockdown worries

Published 02/11/2020, 09:21
Updated 02/11/2020, 09:24
© Reuters.
UK100
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FCHI
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DE40
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STOXX
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IBEX
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 2 (Reuters) - Most European markets started November's
trading on a positive note as accelerating Chinese factory
activity helped outweigh concerns about a second wave of
COVID-19 outbreak that drove major economies back into a
lockdown.
The trade-reliant German DAX .GDAXI rose 0.3% on Monday
after a private business survey showed activity in China's
factory sector accelerated at the fastest pace in nearly a
decade in October. France's CAC 40 .FCHI and Spain's IBEX .IBEX rose
marginally after last week's sharp losses.
The pan-European STOXX 600 index .STOXX logged its worst
weekly selloff since mid-June last week after France and Germany
imposed nationwide lockdowns, with several other European
countries tightening restrictions. London markets .FTSE lagged, down 0.1%, as Prime Minister
Boris Johnson announced over the weekend that new restrictions
across England would kick in after midnight on Thursday morning
and last until Dec. 2.

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