Top

European stocks gain, set to break losing streak

October 15, 2015

Via: itCurated
Category:

European equities climbed Thursday, springing higher after three sessions of declines, but a tumble in shares of Burberry Group PLC highlighted investor concerns about China’s cooling economy.

The Stoxx Europe 600 index SXXP, +0.98% rose 0.9% to 359.07, as all sectors advanced, led by technology, telecommunications and health care stocks. Shares of chip designer ARM Holdings PLC ARM, +5.89% topped the index by rising 5.5%.

A win on Thursday would be the pan-European index’s first in four sessions. Stocks have been hit in recent days on disappointing trade and inflation figures from China. This weak data put pressure particularly on commodity and luxury-good shares, as those sectors count China as a major market.