Stock Market Today - Eurozone Growth Highest in Over Four Years

Also: Petco reportedly close to $4.5 billion deal, being sold to CVC Capital Partners and a Canadian pension fund. It would be one of the largest LBO deals this year.
By Antonia Oprita ,

NEW YORK (TheStreet) -- Growth and job creation in the eurozone climbed to the highest level in four and a half years in November, data from Markit show. The flash eurozone composite PMI index hit 54.4 vs. October's 53.9. Employment, new orders and backlogs all signaled the fastest growth in four and a half years.

  • Germany's flash composite PMI also increased this month, hitting the highest level in three months, of 54.9. The services activity index hit a 14-month high of 55.6.
  • By contrast, France's flash composite PMI slipped to a three-month low of 51.3, with both manufacturers and service providers signaling lower activity in November.
  • Petco is close to a deal on being sold to private equity firm CVC Capital Partners and a Canadian pension fund, the Wall Street Journal reports quoting sources familiar with the deal. The deal is worth around $4.5 billion and would be one of the largest leveraged buyout deals of the year.
  • Greece's second-largest bank, Piraeus Bank, said on Saturday that it raised 1.34 billion euros ($1.43 billion) from investors but still needs more aid from the state to comply with capital requirements set out by the European Central Bank, the Wall Street Journal reports.

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