Europe: Shares extend gains on recovery hopes
[LONDON] European stocks climbed for a second straight session on Thursday, driven by hopes that a bumper US stimulus package and large-scale coronavirus vaccine rollouts across the continent will spur a strong economic recovery.
The pan-European STOXX 600 index rose 0.4 per cent to hold near February 2020 highs, while London's blue-chip FTSE 100 gained 0.5 per cent and Germany's DAX index was up 0.2 per cent.
Growth-linked cyclical sectors such as miners, energy and construction & materials continued their rally on the prospects of more US stimulus after Democrats won control of the Senate.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%