European shares edge lower after dismal France data

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 20, 2019. REUTERS/Staff September 23, 2019
(Reuters) – European shares edged lower on Monday after weaker-than-expected business activity data from France, the bloc’s second-largest economy, while investors remained cautious following mixed signals from U.S.-China trade talks.
French business activity expanded at a slower than expected pace in September as manufacturing sector growth eased to a near standstill, a survey showed on Monday.
The pan-European STOXX 600 index <.STOXX> fell 0.3%.

London’s FTSE 100 <.FTSE> rose 0.1%, helped by a jump in shares of tour operator TUI after the collapse of rival Thomas Cook.
IHS Markit’s Composite Final Purchasing Managers’ Index (PMI) for Germany is expected at 0730 GMT and the euro zone’s at 0800 GMT.
The surveys are often considered a reliable gauge of overall economic health, with focus on Germany as the bloc’s biggest economy battles a recession in manufacturing.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty)


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