European shares open at record high; Q4 GDP data in sight

Reuters

Warning: This material has been prepared by a third party company, Reuters, which is independent of Davy. Davy has not reviewed the material and accepts no responsibility for errors or omissions, or for the information or opinions contained therein. It does not constitute investment advice.

 (For a live blog on European stocks, type LIVE/ in an Eikon
news window)
    Feb 14 (Reuters) - European shares inched up to a record
high on Friday ahead of fourth-quarter GDP data from the EU,
while concerns over the coronavirus outbreak eased after the
World Health Organization downplayed a recent spike in cases.
    The pan-European STOXX 600 index  .STOXX  rose as much as
0.1% to a record high of 431.42, eyeing a second straight week
of gains following a relief rally earlier in the week.
    Investors were awaiting the European Union's fourth-quarter
GDP flash estimates at 1000 GMT, which are expected to show the
European economy barely expanding between October and December
amid a manufacturing slump and global trade headwinds.
    The virus outbreak could further hurt growth, given China's
position as one of the bloc's largest trading partners.
    Real estate  .SX86P  and utilities  .SX6P  were the best
performing European sectors, rising 0.5% and 0.4%, respectively.

 (Reporting by Ambar Warrick in Bengaluru; Editing by Shounak
Dasgupta)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net;
Twitter: @AmbarWarrick))

Warning: This content may be provided by regulated and unregulated entities and is not created, reviewed or endorsed by Davy. It is provided for general information purposes only and does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Importantly, it does not constitute investment advice, as it does not contemplate the personal circumstances of any particular person or group of persons. Neither Davy nor the providers of the Third Party Content will be liable for any investment decision made based on the reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.