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European stocks rose for an eighth consecutive session on Monday, with China-related miners, luxury goods makers and automotive companies leading the surge. <\/p>\n
A measure of China’s consumer inflation unexpectedly decelerated in November and factory deflation eased, raising hopes for more proactive fiscal and monetary policies next year to boost domestic consumption.<\/p>\n
The Politburo, a top decision-making body led by President Xi Jinping, said today it will stabilize property and stock markets<\/span> while strengthening the “unconventional counter-cyclical” adjustment.<\/p>\n Investors also monitored the flare-up of tensions in Syria and awaited a European Central Bank policy meeting and the U.S. inflation figures this week for direction. In economic releases, the Eurozone Sentix Investor Confidence Index declined to -17.5 in December from -12.8 in November, the latest survey showed.<\/p>\n Separately, a new report has revealed that U.K. business<\/span> confidence has fallen to its lowest level since January 2023.<\/p>\n The pan European STOXX 600 edged up by 0.1 percent to 521.20 after rising 0.2 percent on Friday. <\/p>\n France’s CAC 40 rose 0.4 percent and the U.K.’s FTSE 100 added 0.3 percent while the German DAX was marginally lower.<\/p>\n Miners Anglo American, Antofagasta and Glencore all were up around 3 percent.<\/p>\n Automakers BMW, Mercedes Benz, Volkswagen and Renault rose 1-2 percent. <\/p>\n Luxury goods makers such as LVMH, Hermes and Kering were up 1-3 percent in Paris. <\/p>\n Domino’s Pizza Group fell nearly 3 percent in London after announcing it has reached a new five-year framework with its franchise partners.<\/p>\n Nutrition products maker Reckitt Benckiser edged down slightly after releasing an update on its share buyback program.<\/p>\n German meal-kit company HelloFresh slumped 6.2 percent after reports of a U.S. probe over allegations of child labor.<\/p>\n Laboratory and pharmaceutical supplier Sartorius gained 1 percent after naming a new CEO.<\/p>\n CompuGroup Medical soared 32 percent. The provider of healthcare software said it is in advanced talks to be acquired by CVC Capital Partners.<\/p>\n Banco BPM climbed 1.5 percent while its suitor UniCredit dipped 0.8 percent after Credit Agricole SA raised its stake in Banco BPM. Credit Agricole shares were up 1 percent. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n
The ECB is expected to cut interest rates again this week amid worries about how fiscal policy will develop in Germany and France.<\/p>\n