Industrials Headlines

Strong gains from HSBC, miners help FTSE outpace Europe

Robust banks and mining stocks fuelled the FTSE's rise on Thursday, running ahead of European peers with HSBC leading the pack after Morgan Stanley piled praise on a bank already benefiting from a strong upturn among financials globally.

German VDMA raises 2017 engineering output f'cast to +3 pct y/y

The German VDMA industry association raised its 2017 production forecast on Thursday, citing strond demand from euro zone countries, Asian markets and domestic clients. VDMA said it now expected engineering production to rise by 3 percent on the year in real terms in 2017, up from its previous estimate of an 1 percent increase. "Business morale is really good. Everything is set for a new upswing," VDMA economist Ralph Wiechers said. The association sai