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Stockreport

Euro zone shares get PMI boost, Centrica sinks [Reuters]

TELECOM ITALIA (TI.A)  More Company Research Source: Reuters
US:NYSE Investor Relations: telecomitalia.com/tit/en/investors.html
PDF Euro zone shares get PMI boost, Centrica sinks | Reuters 4 Min Read LONDON (Reuters) - European shares dipped on Thursday, tracking more timid Wall Street trading as volumes thinned out for the Thanksgiving holiday, while euro zone stocks drove higher, boosted by strong business growth figures for the bloc. The pan-European STOXX 600 slid 0.2 percent, while euro zone blue chips .STOXX50E erased early losses to trade up 0.2 percent after business surveys for the bloc cemented optimism on the economy. Euro zone businesses boomed into the year end as November composite, services and manufacturing PMIs beat all forecasts in Reuters polls. “This supports our view that the economy is in a very healthy condition,” said Britta Weidenbach, head of European equities at Deutsche Asset Management. Societe Generale strategists however warned “the eurozone recovery is now a well-known story”, and were less enthusiastic about the potential for equities in the new year, adding that a heavy political [Read more]

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