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European stocks seek direction after Wall Street rally

10/06/2020 | 03:01am EST

Oct 6 (Reuters) - European stocks were little changed on Tuesday as mixed corporate updates tempered optimism about fresh U.S. stimulus measures that bolstered Wall Street indexes overnight.

The pan-European STOXX 600 slipped 0.1% by 0716 GMT, with the German DAX and France's CAC 40 trading flat, while London's FTSE 100 slipped 0.2%.

Global markets saw a relief rally as U.S. President Donald Trump was discharged from the hospital on Monday following treatment for COVID-19 and the prospects for a fresh U.S. stimulus package appeared to brighten.

Puma slid 3.6% after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear group.

Swiss technology accessories make Logitech fell 3.8% after Bloomberg reported that Apple had stopped selling headphones and wireless speakers from rivals as it plans to launch its own products.

French waste and water firm Suez jumped 4.9% after rival Veolia succeeded in buying 29.9% of the company owned by power group Engie.

Shares of Veolia and Engie rose nearly 1% each. (Reporting by Sruthi Shankar in Bengaluru; editing by Uttaresh.V)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.75% 116.03 Delayed Quote.55.08%
CAC 40 0.23% 5571.29 Real-time Quote.-7.02%
DAX -0.02% 13289.8 Delayed Quote.0.33%
ELECTRICITÉ DE FRANCE 0.30% 11.82 Real-time Quote.18.70%
ENGIE 1.69% 12.635 Real-time Quote.-13.72%
KERING SA -0.07% 604 Real-time Quote.3.28%
LOGITECH INTERNATIONAL S.A. 2.33% 76.42 Delayed Quote.62.95%
MSCI UNITED KINGDOM (STRD, UHD) -0.54% 1001.749 Real-time Quote.-17.10%
PUMA SE -0.61% 81.94 Delayed Quote.20.61%
STOXX EUROPE 600 -0.08% 392.09 Delayed Quote.-5.64%
STOXX EUROPE 600 NR -0.08% 863.26 Delayed Quote.-3.74%
SUEZ SA -0.12% 16.22 Real-time Quote.20.43%
VEOLIA ENVIRONNEMENT 3.67% 19.49 Real-time Quote.-20.71%
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