Paris — European equities got off on the right foot in 2017, pushed higher on Monday by a stellar set of data showing Eurozone manufacturing growth at a 68-month high. With major Asian, London and US markets still closed for the New Year holiday, trading was expected to be light. But sentiment was brightened by final results of December manufacturing surveys that showed robust performances across most of the Eurozone, where the uncertainty over the impact of Britain’s exit from the EU has threatened a tepid recovery. The final Eurozone manufacturing PMI figure for December came at 54.9 points, up from 53.7 in November. With a result above 50 indicating expansion, the result was the best since April 2011. The surveys of companies about their performance and outlook are an important early indicator of how economies are faring before official data is collected and processed. Germany’s DAX 30 index rose 0.8% in midmorning trading, while the CAC 40 in Paris added 0.2%. Manufacturing in t...
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