Major European stock indices trading in the green zone

European stock indices show a slight increase, helped by news from China, as well as the financial statements of Royal Dutch Shell. However, further growth was limited by lower than expected Standard Chartered and BP Plc results.

Data provided by Caixin showed that the PMI index in the manufacturing sector of China accelerated in October to 51.2 points. In September the PMI was 50.1 points. "It seems that at the moment the economy stabilizes, this is primarily due to the policy adopted to maintain economic growth and the support policy must continue, otherwise the volume of industrial production may weaken because of the slowdown in investment.", - said CEBM Zhong Cheng-sheng Group.

Meanwhile, China's State Bureau of Statistics show that in October the PMI index in the non-manufacturing sector was 54.0 points, which is 0.3 points higher than in the previous month. The latter value reflects the ongoing process of expanding production sphere of the country. Meanwhile, the PMI index in the manufacturing sector was equal to 51.2 points, the highest level since July 2014. Analysts had forecast that the index will register 50.4 points, as well as in September.

Investors' attention is also on stats from Britain. The research results presented by Markit Economics / CIPS, have shown that the UK manufacturing sector has lost some momentum in October as a weaker pound strengthened the inflationary pressures in the country. According to the data, manufacturing PMI fell in October to 54.3 points compared to 55.5 points in September (revised from 55.4), which was the highest value in more than two years. It was predicted that the index will fall to 54.5 points. "The manufacturing sector remained on a solid basis in October and should return to growth in the fourth quarter," - said Dobson, economist at Markit Economics. The volume of new orders rose for the third month in a row, as the company reported an increase in demand from domestic and export customers. In addition, employment increased for the third consecutive month in October, and the pace of job growth reached an annual hihg. Inflation rose to a 69-month high, while the average selling prices increased the most since June 2011.

Trading dynamics influenced by the publication of corporate reports - this week will be released financial results for more than 70 Stoxx 600 companies, including Adidas, Commerzbank and Cie Financiere Richemont.

The composite index of the largest companies Stoxx Europe Index of 600 in the region rose by 0.1%. To date, the index was down six days in a row, which is the longest series in the last 9 months.

Shares of Standard Chartered fell 4.7 percent after third-quarter profit did not meet estimates, and revenues declined in all four divisions.

The cost of BP dropped 2.5 percent after reporting a drop in profit by 49 per cent, on low oil prices and a decline in refining margins.

Quotes of Royal Dutch Shell rose 3.9 percent after the company's adjusted earnings topped forecasts of experts.

Rio Tinto Group securities climbed 1.3 percent against the backdrop of recent Chinese business activity data.

Capitalization of Weir Group fell 5.4 percent as the company said annual profit will be lower than analysts predict, even though the favorable effect of changes in exchange rates

At the moment:

FTSE 100 +20.31 6974.53 + 0.29%

DAX +24.90 10689.91 + 0.23%

CAC 40 +8.05 4517.31 + 0.18%