Date: September 13, 2021
News Author(s): Reuters
Photo Credit: Reuters
Source: Reuters
(Reuters) - European stocks rose on Monday, with automakers, banks and oil shares driving early gains as investors counted on a strong euro zone economic recovery to outweigh global slowdown worries.
The pan-European STOXX 600 index was up 0.4%, as of 0708 GMT, recovering lost ground after hitting a three-week low last week. Asian stocks, however, slipped following news of fresh regulatory crackdown on Chinese firms. [MKTS/GLOB]
Economy-sensitive sectors including banks, automakers, oil and gas and construction and materials rose between 0.8% and 1.2%. The European Central Bank last week raised its growth and inflation projections for this year and beyond as the euro zone economy recovers quicker than expected.
German online pet supplies' retailer Zooplus AG jumped 7.8% after Hellman & Friedman raised its takeover offer to 3.29 billion euros ($3.89 billion) from an initial offer of 3 billion euros.
Associated British Foods (OTC:ASBFY) slipped 2.2% as quarterly sales at Primark were lower than expected, but the company raised its full-year profit outlook..
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Sterling House Trust is a private trust with a difference. It offers its members an exclusive and reliable platform to access unique opportunities and lifestyle services reserved for the select few. With its team of professional managers Sterling House Trust constantly scans the markets and collaborate with reliable global partners to create a portfolio of carefully curated programmes for its members. Members can access these programmes according to their individual needs, interest and financial capacity. Sterling House Trust is headquartered in Auckland, New Zealand, and has operations based in London, UK.
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Our unique Platform was established within the framework of a trust so that the trust would have oversight and governance over the range of services and its quality. Member protection is a core principle and drive in all that we do. Our trustees ensures that the interests and quality of service provided by the Platform are always maintained at the highest standards.
The trust and its trustees provide robust oversight and is constantly on the move to identify and shortlist select opportunities in the international markets. Likewise, we apply the same stringent standards in identifying and selecting providers and professional partners to join our Platform.
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