Global Market: European stocks edge up; Schneider plunges after PTC deal
European shares edged 0.2% higher, recovering from last weeks losses, while French stocks fell amid growing fiscal concerns. The CAC 40 dropped 0.8%, pressured by Schneider Electrics sharp decline after its $22.6 billion PTC deal. Investors also tracked softer US jobs data, bond yields, inflation risks and political uncertainty across Europe.
European shares edged 0.2% higher, recovering from last weeks losses, while French stocks fell amid growing fiscal concerns. The CAC 40 dropped 0.8%, pressured by Schneider Electrics sharp decline after its $22.6 billion PTC deal. Investors also tracked softer US jobs data, bond yields, inflation risks and political uncertainty across Europe.
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