Food strong in stock markets

FOOD and beverage companies are consistently outperforming other sectors in Europe’s falling stock markets, according to a report issued by Davy Stockbrokers yesterday.

While Europe’s equity markets have been falling for eight consecutive weeks, food producers gained from the general defensive buying, rising 0.5%. Beverages fell 1.2% on the week.

The E300 index has fallen 1.1% in the past week as worries about the macro situation in Europe increased.