European stocks rose on Wednesday, as investors brushed off a mixed batch of purchasing managers data and shares of sportswear makers and automobile makers rose.
The Stoxx Europe 600 index
rose 1.1% to 361.58, after rising 0.2% on Tuesday. The German DAX
climbed 1.4%, the French CAC
rose 1.6% and FTSE 100 index
fell 0.1% against the dollar, while the pound was even weaker
dropping 0.3%. Dollar strength can help European and U.K. exporters by making their prices more competitive overseas.
The IHS Markit flash eurozone manufacturing purchasing managers index rose to 53.7 from 51.7, while the services PMI dropped to 47.6 from 51.9