Europe: Stocks hover near record high, Cineworld gains
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[BENGALURU] European stocks hovered near record highs on Monday as investors counted on continued economic recovery and strength in corporate earnings to keep the market momentum going.
The pan-European Stoxx 600 index rose 0.02 per cent to 444.50 points by 7.07am GMT, just below its record high of 446.19 points.
Cineworld Group rose 3.1 per cent after animated adventure comedy Peter Rabbit 2: The Runaway pulled in more people than expected after a months-long Covid-19 lockdown.
Travel stocks came under pressure after Germany's public health institute declared Britain and Northern Ireland a virus variant region, requiring anyone entering the country from the United Kingdom to quarantine for two weeks on arrival.
Shares in Wizz Air and easyJet were down about 1 per cent each.
Markets in Austria, Denmark, Hungary, Norway, Switzerland and Germany were closed for holiday.
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REUTERS
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