NYSE closed; European stocks close slightly higher; FCA-PSA merger Stellantis jumps over 7%; BELEX15
The pan-European Stoxx 600 closed up by 0.2% provisionally, with autos gaining 1.3% as most sectors and major bourses climbed. Britain’s FTSE 100 index bucked the positive trend in Europe, falling 0.2%
Shares in Asia-Pacific finished mixed Monday as investors in the region reacted to the latest Chinese growth data showing that its GDP rose 2.3% last year. That compared against economists expectations for GDP expansion by just over 2%.
In corporate news, the $52 billion merger between Fiat Chrysler-owner FCA and Peugeot-owner PSA Group was finalized over the weekend, creating the world’s fourth-largest car manufacturer by volume. The new company, named Stellantis, will be headed up by former PSA CEO Carlos Tavares. Stellantis stock gained 7.6% on its first day of trading.
Carrefour shares fell by 6.9% after Canada’s Alimentation Couche-Tard dropped its takeover bid for Europe’s largest retailer.
BELEX15 was down 0.51% as NIS lost 2.3%. This was at the same time the most active name, even though it generate only RSD 0.5m in volume.
Source: CNBC, Ilirika