European shares notch broad-based gains; defence stocks lag
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Defence stocks down on Germany's military aid limit to Ukraine
Barratt, Redrow up as condition on deal waived for legal completion
Metso pares gains as it quashes speculations over merger plan
STOXX 600 up 0.6%
Updated at 1600 GMT
By Pranav Kashyap and Ankika Biswas
Aug 19 (Reuters) -European shares climbed on Monday, led by retail and basic resources stocks, with investors bracing for a data-heavy week with a focus on U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole for clues on potential rate cuts.
The pan-European STOXX 600 index .STOXX closed 0.6% higher, touching an over three-week high in broad-based market gains, after having notched its biggest weekly gain in three months.
Having recovered most of the recent lost ground, the benchmark index stood strong above the 500-point mark after slipping below the key level on Aug. 2.
All the major regional bourses such as Germany's .GDAXI, France .FCHI, Italy .FTMIB and Spain .IBEX climbed between 0.5% and 1.4%.
Miners .SXPP rose 2% tracking strength in metal prices, while online fashion marketplace Zalando ZALG.DE and British sportswear retailer JD Sports JD.L led the charge among retail stocks .SXRP.
Meanwhile, defence stocks fell after a report that the German finance ministry would not approve additional applications for Ukraine military aid due to budget constraints.
Hensoldt HAGG.DE, Renk R3NK.DE, BAE Systems BAES.L, Saab SAABb.ST, Thales TCFP.PA and Leonardo LDOF.MI were down between 0.8% and 5.4%.
"The consolidation phase is going to last for the next few days... It's at that point where indecision creeps in again. It's now back to assessing what's out there and how these factors can impact," said Daniela Hathorn, senior market analyst at Capital.com.
Investors are now gearing up for another week brimming with crucial economic data including euro zone inflation and PMI numbers, alongside the U.S. PMI numbers and weekly jobless claims.
However, the main focus this week is the global central bank gathering at Jackson Hole, Wyoming, where Fed Chair Powell is expected to speak on Friday and likely give some clues on the Fed's monetary policy path.
Minutes of the Fed's July policy meeting is also due on Wednesday.
"The easiest thing for Powell would be to repeat his message from July. An evolution of the July FOMC language would suggest the committee is 'very close' or 'close' to the point where easing is likely to occur," Bank of America analysts said.
Among others, Finnish mining equipment maker Metso METSO.HE pared gains, albeit closing 3.7% higher, after clarifying it has no ongoing plans for a tie-up with the rival mining equipment business unit of Sweden's Sandvik SAND.ST following a news report.
UK homebuilder Barratt BDEV.L and Redrow RDW.L rose 3.4% and 4.5%, respectively, after a condition by the competition regulator for the former's acquisition of its smaller rival was waived to satisfy a legal completion this week
Reporting by Pranav Kashyap and Ankika Biswas in Bengaluru; Editing by Rashmi Aich, Nivedita Bhattacharjee and Jonathan Oatis
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.