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2021-04-08 11:35:00

EUROPEAN INDEXES UP

EUROPEAN INDEXES UP

REUTERS - APRIL 8, 2021 -  European stocks hit record highs on Thursday on optimism around a global stimulus-led economic rebound after the U.S. Federal Reserve pledged to keep monetary policy loose.

The pan-European STOXX 600 rose 0.5% by 0720 GMT, adding to gains made earlier this week when the index erased all of its pandemic-driven losses.

Miners, automakers and retailers led gains on the index - up between 0.7% and 1% in early trading.

Fed officials remain wary about the ongoing risks of the coronavirus pandemic and are committed to bolstering the economy until its recovery is more secure, minutes of the central bank’s latest policy meeting showed on Wednesday.

Investors broadly looked past news that several European countries had announced restrictions on the use of the AstraZeneca COVID-19 vaccine in younger people, after a link was found to very rare blood clots.

The British drugmaker’s shares inched up 0.7%.

Holland-based technology investor Prosus NV rose 1.6% after it sold 2% of China’s Tencent Holdings Ltd for $14.7 billion in the world’s largest-ever block trade.

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Earlier:

EUROPEAN INDEXES UP
2021, April, 6, 14:00:00
EUROPEAN STOXX 600 UP
European traders returned from a long weekend to push the STOXX 600 up 0.8% to 435.7 points. It has climbed more than 60% from last year’s lows and surpassed its previous all-time high of 433.90 points in February 2020.
EUROPEAN INDEXES UP
2021, March, 17, 14:20:00
EUROPE'S INDEXES DOWN ANEW
The pan-European STOXX 600 index edged 0.3% lower, trading below a one-year peak after a cautious session in Asian markets.
EUROPEAN INDEXES UP
2021, March, 11, 13:30:00
EUROPEAN INDEXES UP
The pan-European STOXX 600 index rose 0.3%, up for a fourth straight session as Wall Street stocks rallied overnight on tame inflation data and as the U.S. Congress approved one of the largest economic stimulus measures in history.
EUROPEAN INDEXES UP
2021, March, 4, 11:55:00
EUROPEAN INDEXES DOWN
The pan-European STOXX 600 index fell 0.5% in early trading, with miners dropping 2.8% and travel & leisure stocks down 1.6%.
EUROPEAN INDEXES UP
2021, February, 16, 12:15:00
EUROPEAN INDEXES UP ANEW
The pan-European STOXX 600 was up 0.2% by 0802 GMT, after jumping 1.3% in the previous session to its highest level since February 2020.
EUROPEAN INDEXES UP
2021, February, 2, 12:10:00
EUROPEAN INDEXES UP
The European technology sector rose 1.4%, while the STOXX 600 index gained 0.8%.
EUROPEAN INDEXES UP
2021, January, 27, 14:00:00
EUROPEAN INDEXES DOWN
European share indexes opened in the red. The STOXX 600 was down around 0.3% on the day
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Tags: EUROPE, INDEXES, STOCKS, SHARES, BONDS