Europe Stocks Rise With PMI In Focus

By Amwal Al Ghad English On Apr 23, 2013

European stock markets opened higher on Tuesday, after the purchasing managers’ index for France rose to a four-month high, with investors further awaiting more PMI data for Germany and the combined euro zone.

The Stoxx Europe 600 index rose 0.3% to 286.44, adding to a 0.2% gain on Monday. Shares of ARM Holdings PLC jumped 6.9%, after the chip maker posted first-quarter earnings results ahead of expectations.

Michelin lost 3%, after reporting a drop in first-quarter revenue. Among country-specific indexes, France’s CAC 40 index gained 0.7% to 3,677.51, while Germany’s DAX 30 index added 0.6% to 7,522.39. The U.K.’s FTSE 100 index gained 0.5% to 6,309.81.

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