Reuters: Financial Services and Real Estate: European shares play catch-up after U.S. data

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

European shares play catch-up after U.S. data May 2nd 2012, 07:17 LONDON | Wed May 2, 2012 3:17am EDT LONDON May 2 (Reuters) - European shares rose on Wednesday as investors had their first chance to react to encouraging U.S. data after a holiday in the previous session, though gains could prove short-lived with a batch of economic releases due out of the euro zone later today. By 0712 GMT, the FTSEurofirst 300 index was up 0.9 percent, with Germany's DAX and France's CAC, shut on Tuesday, both up 1.5 percent. Britain's FTSE 100, which jumped 1.3 percent a day earlier after stronger-than-expected U.S. manufacturing data gave a lift to global growth hopes, advanced only 0.1 percent. Economic data out later in the session included euro zone PMI, at 0758 GMT, and Italian unemployment, at 0800 GMT. "Growth concerns are going to come back when (the) PMI data comes out... you could see downward pressure on equities" Michael Hewson, senior market analyst at CMC Markets, said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions