European shares pare losses following upbeat German data [Reuters (UK)]
INMARSAT PLC ADR (IMASY)
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Source: Reuters
European shares pare losses following upbeat German data | Reuters 3 Min Read (Reuters) - European shares fell on Monday on concerns over sluggish global growth but an unexpected rise in German business sentiment eased fears of a recession in the bloc’s largest economy. The pan-European STOXX 600 index pared early losses to dip 0.12 percent while Frankfurt’s DAX, Milan’s, Madrid’s and Paris’s briefly turned positive after data showed German business morale improved unexpectedly in March, suggesting the country’s economy is likely to pick up in the coming months. London’s FTSE was marginally lower. European stocks on Friday witnessed their biggest weekly decline this year following weak manufacturing data from Europe and the United States that inverted a part of the U.S. yield curve. In the past, that has signaled an upcoming recession. “It’s the uncertainty around the outlook of the manufacturing sector which is causing the selloff which should be put into context of still a very heal
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