15.04.2024 11:45:40 - dpa-AFX: European Shares Mixed As Israel Weighs Response To Iranian Attack

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks traded mixed on Monday
as investors weighed Israel's possible response to Iran's unprecedented drone
and missile attack, which the Israeli government said caused limited damage.

There was some cheer on the data front as the latest Eurostat figures showed
industrial production in the eurozone rebounded in February, led by output
increases in larger nations.

The pan European STOXX 600 was up 0.3 percent at 506.51 after edging up 0.1
percent on Friday.

The German DAX climbed 0.7 percent and France's CAC 40 added 0.6 percent while
the U.K.'s FTSE 100 dropped half a percent.

Telenor ASA fell about 1 percent. The Norwegian telecom major said its CFO, Tone
Hegland Bachke has decided to leave the company to join SHV Holdings N.V.

Swiss software firm Temenos soared 20 percent. The company said a 'special
committee' formed by its board found that accusations in a report by Hindenburg
Research were incorrect and misleading.

Ageas rallied 3 percent on news that France's BNP Paribas would acquire Fosun
Group's 9 percent shareholding in the Belgian insurer Ageas for around ¤730
million.

British nutrition company Glanbia jumped 5 percent after it inked a deal to
acquire U.S.- based Flavor Producers LLC for an initial consideration of $300
million.

Facilities management firm Mitie Group surged 8 percent after launching a share
buyback.

Inchcape climbed 4.6 percent. The automotive distributor has agreed to sell its
UK retail operations to Group 1 Automotive UK for 346 million pounds.

Emerging markets fund manager Ashmore Group tumbled 3.1 percent after its assets
under management fell 4 percent over the third quarter of fiscal 2024.

German sportswear maker Adidas jumped 4.3 percent after Morgan Stanley upgraded
its rating on the stock to 'overweight' from 'underweight.'



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 8.065,15 29.04.24 18:05:02 -23,09 -0,29% - - 8.116,43 8.088,24
FTSE 100 969378 Financial Times SE 8.147,03 29.04.24 17:35:30 +7,20 +0,09% - - 8.139,83 -
DAX ® 846900 Xetra 18.118,32 29.04.24 17:50:00 -42,69 -0,24% - - 18.162,15 18.161,01
E-STOXX 50 ® 965814 STOXX Ltd. 4.981,09 29.04.24 17:50:00 -25,76 -0,51% 0,000 - 5.014,22 5.006,85

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