European shares bounce back by higher values ​​of consumer goods – Investing.com Spain

LONDON (Reuters) – European shares rose on Thursday after a run of three days of losses, boosted by rises in the core values ​​of consumer goods, such as Danone (PA or Associated British Foods (LON:.)

the pan-European index, which had accumulated losses for three days, rose 1.6 percent, while the index was up 1.5 percent.

Danone added 4.4 percent after the announcement to investors of a deal to buy US food group WhiteWave by 12.500 billion.

Associated British Foods rose 6 percent after announcing plans to expand its Primark clothing chain throughout Europe and the US. the group is also optimistic about its continued growth despite the uncertainty created by the decision of the UK to leave the EU.

However, the STOXX 600 index has lost nearly 7 percent since the June 23 vote in favor of ‘Brexit’, with the banking sector and the real estate particularly affected.

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