Europe Shares Trade Mixed After Wall Street Rally

Europe Shares Trade Mixed After Wall Street Rally

Europe Shares Trade Mixed After Wall Street Rally

(Reuters) – European stocks traded flat on Tuesday as mixed corporate news dampened optimism about new stimulus measures in the US, pushing Wall Street up.

The pan-European STOXX 600 Index is down 0.05% by 10:23 am ET. The German DAX Index is up 0.07%. The British stock index FTSE 100 sank 0.18%, the French CAC rose 0.1%.

Puma shares lost 3.6% after France's Kering (PA: PRTP) announced the completion of the sale of a 5.9% stake in the German sportswear manufacturer.

Shares of Swiss tech accessories maker Logitech were down 3.8% after Bloomberg reported that Apple (NASDAQ: AAPL) has stopped selling headphones and wireless speakers from competitors as it plans to make its own.

The shares of the French water and sanitation company Suez jumped 4.9% after its competitor Veolia acquired 29.9% of the company from the energy group Engie.

(Shruti Shankar in Bangalore, translated by Olga Devyatiarova. Editor Anna Kozlova)

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