German positive data, Airbus brings gains to European stocks

Tuesday-2019-10-08 | 01:00 pm economy

European shares ticked higher on Tuesday by gains in Airbus shares and data showing an unexpected rise in industrial output in Germany.

According to Reuters, the pan-European STOXX 600 index was up 0.1 percent with most regional bourses trading higher.

The August data for Germany provided a shimmer of hope that an expected contraction in Europe's biggest economy in the third quarter would not be steep.

Airbus shares also rose by 2.2 percent, after the planemaker reported higher orders for the first nine months of the year, putting it ahead of U.S. rival Boeing Co.

Meanwhile in a weak spot, shares of London Stock Exchange Group dropped 6.4 percent after Hong Kong's bourse dropped its unsolicited $39 billion bid for the company.