(For a live blog on European stocks, type LIVE/ in an Eikon news window)
LONDON, Sept 13 (Reuters) - European stocks rose on Thursday as investors traded hesitantly before European Central Bank and Bank of England meetings, while trade-sensitive autos and mining shares gained on news of new talks between the U.S. and China.
Mining shares .SXPP climbed 0.9 percent and autos .SXAP rose 0.7 percent, the best-performing sectors, after U.S. officials invited China to new trade talks, which the Chinese foreign ministry welcomed were waiting for decisions from the ECB and the BoE, particularly for any details on the ECB's plans to halve its asset purchases and – from the BoE – any comments on Brexit negotiations.
Dealmaking and results led to some strong stock moves. French bank Natixis CNAT.PA gained 4.9 percent to top the STOXX after it decided to sell several specialized finance businesses to its parent, BPCE, and use part of the 2.7 billion euros ($3.1 billion) in proceeds for acquisitions.
Commerzbank CBKG.DE shares topped the DAX, rising 2.1 percent, after news Deutsche Bank (DE: DBKGn ) was considering an overhaul to loosen the bond between its retail and investment banks, making it easier to merge some or all of the group with rival lenders.
Electrical components supplier Rubis RUBF.PA fell as much as 14 percent after reporting disappointing first-half profit. German meal delivery firm Delivery Hero DHER.DE also suffered a 4.3 percent drop after its first-half results.
French tyre maker Michelin MICP.PA rose 2.3 percent after it confirmed its 2018 financial outlook, saying signs of growth in Europe and North America would offset a slowdown in China UK stocks, Morrisons MRW.L fell 1.9 percent despite forecast-beating profits for the first half.
Small-cap Debenhams DEB.L tumbled 6.8 percent after Sports Direct (LON: SPD ) ruled out a bid for the department store operator ADYEN.AS shares fell 8.7 percent after the company placed 2.46 billion shares
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.