European Stock Indices Hold Steady Despite Weak German Data; Telecom Italia Rises

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European Stock Indices Hold Steady Despite Weak German Data; Telecom Italia Rises

European Stock Indices Hold Steady Despite Weak German Data; Telecom Italia Rises
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European Stock Indices Hold Steady Despite Weak German Data; Telecom Italia Rises

TheStreet 2:11 mins

European stock indices hold relatively firm on Wednesday after strong consumer and durable goods figures propelled U.S. stock markets to record highs in New York. Banana distributor Fyffes rises after lifting its earnings forecast and announcing additional expected synergies from its planned merger with Chiquita; Ryanair takes off after launching a new type of ticket to lure business travellers; and Telecom Italia gains on news of a potential offer from Brazil’s Oi for the Italian company’s stake in Brazilian telecom Tim, one of several mooted telecom deals in South America’s biggest economy.

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