European shares near eight-month highs

LONDON, Dhu-AlHijjah 07, 1437, September 08, 2016, SPA — European stock markets gained ground on Thursday, leaving a leading index near eight-month highs, with software company Micro Focus surging after a deal with Hewlett Packard Enterprise, Reuters reported.
The pan-European STOXX 600 index was up 0.2 percent, near its highest level in eight months.
Micro Focus rose around 20 percent, the best-performing stock on the STOXX 600 index, after sealing an $8.8 billion deal for Hewlett Packard Enterprise to merge its non-core software assets with Micro Focus’s business.
However, Rocket Internet fell 5 percent after the German e-commerce investment company cut the valuation of its Home24 online furniture business.
he STOXX 600 index is down around 4 percent so far in 2016, although it has rallied over the last two months from lows reached back in June after Britain’s shock ‘Brexit’ vote to quit the European Union.
–SPA
12:17 LOCAL TIME 09:17 GMT