Posts tagged as Auto stocks

Auto stocks limit losses for Europe

Wednesday, October 30, 2019

European shares struggled for direction on Wednesday as losses due to uncertainty around an interim U.S.-China trade deal were curtailed by a jump in auto stocks following merger talks between Fiat Chrysler and PSA Group. The pan-European STOXX 600 index <.STOXX> was flat at 0810 GMT, with auto stocks <.SXAP> climbing 1.2% to their highest level in nearly six months. Italian-American carmaker Fiat Chrysler <FCHA.MI> confirmed merger talks with French rival PSA <PEUP.PA>, a potential deal that…