Fresh monetary stimulus in Beijing and growing Sino-U.S. trade optimism helped E...
- Fresh monetary stimulus in Beijing and growing Sino-U.S. trade optimism helped European shares stay close to record highs on Thursday with banks and technology stocks leading a broad-based rally.
Riding the high tide across global markets, the pan-European stocks index STOXX 600 jumped 0.9% after declining for two straight sessions when caution crept in about how long a U.S.-China trade truce would last. “There is an ongoing view from the market that 2020 may feel better than 2019 did,” said Will James, deputy head of European equities at Aberdeen Standard Investments. “There is more of a value bias to the market positive noise around trade.”
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