FRANKFURT, Feb 18 ― European shares hit a record high close yesterday as a rally in Italian banks and fresh attempts by China to limit the economic impact of the coronavirus outbreak lifted investor spirits. Despite a US holiday dulling market activity, the pan-European STOXX 600 index rose 0.3...
Tuesday, 18 Feb 2020 07:32 AM MYT
Despite a US holiday dulling market activity, the pan-European STOXX 600 index rose 0.3 per cent, with trade-sensitive German stocks hitting all-time highs as Beijing stepped up stimulus measures. “The fact that China keeps signalling that they're ready to somewhat bubblewrap the economy by pumping in stimulus ― that's what's keeping markets in the green today,” said Connor Campbell, analyst at financial spread better Spreadex.
Automobile stocks, were the best performing European sector, led by French car parts group Faurecia after reporting a rise in annual profits and sales.
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