The pan-European Stoxx 600 index was able to close higher\nTuesday, with most of the main sectors and bourses in the European index recording\ngains.<\/p>\n\n\n\n
British legislators have still not come close to resolving the\nchaos surrounding the country’s departure from the European Union. The PMI data\nshowed on Tuesday that construction activity in the UK slowed for a second\nstraight month in March.<\/p>\n\n\n\n
European stocks ended higher on Tuesday as stronger-than-expected\nfactory activity surveys from the US and China eased worries about the global\neconomy. The STOXX 600 pan-European index rose 0.36%, as major sectors and\nexchanges in the region were largely positive.<\/p>\n\n\n\n
Europe’s banking, auto and insurance sectors were the main\ngainers, driven in part by the rise of Swedenbank to the top of the European\nindex. The bank’s shares rose 6% on Tuesday after announcing that the Swedish\nauthorities would not investigate money laundering claims filed by investor\nBill Browder.<\/p>\n\n\n\n
One of the most famous automobile makers, Rolls-Royce, lost more than 1.2 percent\nafter Singapore Airlines grounded two Boeing 787s because their engines, which\nwere built by Rolls Royce, were reportedly wearing out faster than expected.<\/p>\n\n\n\n
French company Atos also fell to the bottom of the index after\nBerenberg lowered its stock recommendation to “sell” from “hold”.\nShares listed in Paris fell 2.05% on the news.<\/p>\n\n\n\n
Elsewhere, construction activity in the UK slowed for the second\nstraight month in March, as PMI figures showed. Europe’s construction and\nmaterials sector fell to a negative territory on the back of data, with\nLondon-based construction company Balfour Beatty dropping half a percent.<\/p>\n\n\n\n
Brexit Chaos<\/strong><\/p>\n\n\n\n The market’s focus is largely in line with economic data, after\nUS data showed improvement in manufacturing activity last month and spendings\non construction in February.<\/p>\n\n\n\n The optimistic readings overshadowed the disappointing retail\nsales figures and boosted optimism regarding China. The world’s second-largest\neconomy announced on Monday an unexpected return to growth in the manufacturing\nsector.<\/p>\n\n\n\n British legislators have still not managed to come close to\nresolving the chaos surrounding the Brexit deal. On Monday evening, the British\nparliament failed to win a majority for any proposed alternative to Prime\nMinister Teresa May’s exit deal.<\/p>\n\n\n\n If no deal manages to pass in the House of Commons during the following\ndays, the United Kingdom is on its way to leaving the EU without an agreement\non April 12.<\/p>\n","protected":false},"excerpt":{"rendered":" The pan-European Stoxx 600 index was able to close higher Tuesday, with most of the main sectors and bourses in the European index recording gains. British legislators have still not come close to resolving the […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[66,79,36,34,51,33,10,58,57,70,47,86,102,23,104,39],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1139"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1139"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1139\/revisions"}],"predecessor-version":[{"id":1141,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1139\/revisions\/1141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1140"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}