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European shares rebound; German stocks climb to record high

Published 01/22/2020, 04:20 PM
Updated 01/22/2020, 04:24 PM
European shares rebound; German stocks climb to record high
DE40
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IT40
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BKGH
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STOXX
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Jan 22 (Reuters) - European shares bounced back on Wednesday
as China's efforts to contain a coronavirus outbreak eased
worries of a global pandemic, while the trade-sensitive German
shares hit record levels.
By 0806 GMT, the pan-European STOXX 600 .STOXX was up
0.2%. Frankfurt's DAX .GDAXI outperformed regional peers,
after a survey showed that a U.S.-China trade truce had lifted
German investor morale to its highest since 2015.
Britain's Berkeley Group Plc BKGH.L jumped 6% to the top
of STOXX 600 index as the housebuilder said it will increase its
returns to shareholders by about 455 million pounds ($594.00
million) over the next two years.
Italy's FTMIB .FTMIB , however, lagged on reports that
Luigi di Maio would step down as the leader of the co-ruling
5-Star Movement.

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