European Stocks End Lower As Heavyweight Resource Players Weigh 2 Brussels

  • 2/5/2023
  • 05:57
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Other data showed German business morale improved more than expected in August. An unexpected drop in U.S. consumer confidence also weighed, as it pointed to a likely stalling in the world's largest economy. Among individual movers, shares of AstraZeneca rose 0.2% after the British drug maker said it had started testing an antibody-based cocktail for the prevention and treatment of COVID-19. Technology stocks were among the biggest gainers on the day. Aviva Group rose 7.2% after announcing a deal to buy ISOFT, a privately held maker of industrial software, for an enterprise value of $5 billion. LVMH gained 0.9% after a source told Reuters the French luxury goods giant and U.S. jewelry chain Tiffany will give themselves another three months to complete their $16.2 billion tie-up. SAS jumped 10.1% after the airline said it was expecting to complete a 14 billion Swedish crown ($1.60 billion) recapitalization plan to counter the effects of the pandemic by November. ($1 = 8.7767 Swedish crowns) --SPA 20:14 LOCAL TIME 17:14 GMT 0025 www.spa.gov.sa/w1397798

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