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Europe stocks rise as oil retreat aids sentiment; PMI data in focus
European shares inched higher on Wednesday as lower oil prices supported sentiment, while investors awaited key business activity data due later in the day. The benchmark pan-European STOXX 600 was up 0.4% at 645.04 points by 0708 GMT. Most major regional bourses also traded higher. Investors awaited S&P Global’s flash September purchasing managers’ index (PMI) survey for the euro zone, which could provide fresh clues on the health of the region’s economy. Aerospace and defence stocks led sectoral gains, with Saab and Exosens among the top performers. Oil prices extended their de...
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