European Stocks Eke Out Gains as M&A Outweighs Trump Virus Woes
- Trump’s Covid-19 takes investors by surprise before election
- ACS, Vinci surge on acquisition talks, boosting market
This article is for subscribers only.
European equities erased earlier losses caused by concerns over U.S. President Donald Trump testing positive for the coronavirus and eked out a small gain.
The Stoxx 600 index rose 0.3% on Friday, paring a drop of as much as 1.2% and ending the week with a 2% advance. While retail, technology and automaker stocks led the declines, construction and media shares advanced. European equities managed to squeeze out a gain even as the S&P 500 declined 0.8%.