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Stocks rise in cautious trade after losses

LONDON: European shares clawed back some gains from last week's losses on Monday and the euro backed off three-week highs as investors traded cautiously ahead of key data this week including an Italian bond auction and a key German economic sentiment index.

After a run of positive numbers, weak PMI reports last week stoked fears thatChina's economy is slowing and the euro zone is sliding into recession.

The FTSEurofirst 300 opened a third of a percent higher after losing 2.6 percent the previous week, the worst so far this year.

"This is going to be a sideways to slightly bearish market for a least a couple of weeks inEurope," said Valerie Gastaldy, general manager of Paris-based Technical analysis firm Day by Day.

MSCI's main world stock index fell 0.1 percent. The euro dropped 0.2 percent to $1.3250.

German Bund futures inched up at the open with traders bracing for softer Ifo sentiment data after weak manufacturing figures last week renewed growth worries aboutEurope's biggest economy.


Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln