Luxury stocks and vehicle markers advanced for the second consecutive day after China announced more stimulus measures. Rightmove's board rejected the revised offer Australia's REA Group. Valmet, the Finnish engineering company, won a billion euro order from Brazil.
Resource sector stocks and luxury goods makers led the gainers in Europe trading after China announced several significant monetary stimulus measures. CRH appointed a new chief executive officer.
A German government agency confirmed its plans to hold the remaining stake in Commerzbank. Scout24 SE announced a stock repurchase plan. Siemens said it plans to separate its eMobility business.
China-linked automobile makers and luxury goods stocks traded down after Mercedes-Benz Group lowered its annual outlook, citing rapid deterioration in its business in China.
Next plc, the UK-based apparel retailer, revised higher its annual earnings estimate to 1 billion. Ocado reported strong quarterly results for its online retail venture with Marks & Spencer.
Legal & General agreed to sell home builder Calva Group to private equity firms for $1.8 billion. The Italian spirit maker Campari's chief executive resigned after five months in the office.
Kingfisher reported a decline in comparable same-store sales in the first half but raised the lower end of its annual pre-tax profit estimate. Essentra lowered its annual profit outlook, citing adverse market conditions and negative foreign exchange impact.
Rexel, the UK-based electric supply distributor, rejected an unsolicited acquisition offer. Phoenix Group reported better-than-expected interim results, increased dividends, and halted the sale of its SunLife business.
Unilever launched its second and final phase of its stock buyback plan. Worldline SA lowered its annual revenue and core earnings outlook and announced the departure of its chief executive.
Trainline lifted its annual profit outlook after posting strong interim results. IG Group reported an increase in revenue in its latest quarter. Nordex won an order for a renewable energy project in Ireland operated by Orsted.
The German government sold part of its stake in Commerzbank to UniCredit. Inditex reported strong first-half results. Santander Bank sold a stake in its Polish unit.
AngloAshanti offered $2.5 billion to acquire the gold miner Centamin. Gamma Communications reported higher revenue and earnings in its first-half results.
Banks advanced as investors looked forward to a possible interest rate cut this week. Luxury goods stocks edged lower after China reported weak inflation updates. Barratt Developments and Lloyds Banking partnered with Homes England to ramp up affordable housing construction.
Airbus and Rolls Royce were in focus after the European aviation safety regulator ordered a one-time check on all long-haul A-350 planes following a fire on a Cathay Pacific flight earlier in the week. Berkeley Group reiterated its annual outlook.
