(CercleFinance.com) – European stock markets are moving in mixed order this morning: Frankfurt lost 0.3%, behind Paris (-0.1%) while London gained 0.5%.
On the statistics front, after a decline of 0.6% in July (revised from an initial estimate which was -0.8%), German industrial production decreased by 0.2% in August compared to the month previous, according to data adjusted for seasonal and calendar variations from Destatis.
The latter specifies that the less volatile three-month comparison showed that production was 1.9% lower during the period from June to August compared to the previous three months.
This week will also be marked by the start of the third quarter results season in the United States, with in particular those of financial heavyweights such as JP Morgan Chase and Citigroup, scheduled for Friday.
On the energy market, the barrel of Brent is rising sharply around $86.9 (+2.9%).
In European company news, GSK announced today that it has entered into an exclusive agreement with Chongqing Zhifei Biological Products (Zhifei) to co-promote GSK’s shingles vaccine, Shingrix, in China for an initial period of three years.
Diageo is launching a new partnership lab, ‘Fusion by Diageo’, designed for growth-stage technology companies working with Diageo to develop digital concepts that go ‘beyond the bottle’.
Finally, Marathon Gold has entered into a contract with ABB to design and commission the process and power control system for its Valentine Gold project in the province of Newfoundland and Labrador, Canada.
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