European Stocks Edge Higher as Schneider Slumps on PTC Deal
European equities inched higher in early trade, recovering modestly from last week’s losses, but gains were capped by renewed pressure on French shares. The CAC 40 fell 0.8% as Schneider Electric tumbled after announcing its $22.6 billion acquisition of PTC, while investors weighed softer U.S. jobs data, bond-market moves, inflation risks and political uncertainty across Europe.
