European Shares Mostly Rise, Shrug Off US Govt Shutdown

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European stocks mostly rose, shrugging off a partial shutdown of the U.S. government after Congress failed to reach a budget deal.

In other news, the euro-zone factory index fell to 51.1 in September, matching the preliminary estimate and the median forecast of 31 economists surveyed by Bloomberg News.

Bank of Japan's Tankan quarterly index, which surveys confidence among the nation's large manufacturers, climbed to 12 in September, its highest level since 2007 to beat estimates. Separately, China's official measure of factory activity increased for a third month.

In ADR news, Unilever's ( UN ) sales growth slowed in Q3. Underlying sales for the three months will rise 3% to 3.5%. That compares with 5% growth in both the first half and Q2.

Telecom Italia ( TI ) was reinstated by Goldman Sachs with a buy rating.

The FTSE-100 was last down 0.51% at 6,428.52, the DAX up 0.48% at 8,635.40 and the CAC-40 up 0.67% at 4,171.29.



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This article appears in: Investing , Commodities

Referenced Stocks: TI , UN

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