Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

European shares hit record high as rate of new coronavirus cases slow

Published 02/11/2020, 04:21 PM
Updated 02/11/2020, 04:24 PM
European shares hit record high as rate of new coronavirus cases slow
AKRBP
-
STOXX
-
SXPP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Feb 11 (Reuters) - European shares rose to a record high
early Tuesday as a slowdown in the rate of new infections in the
coronavirus outbreak provided some relief, although markets
still worried over the wider global economic impact.
The pan-European STOXX 600 index .STOXX rose as much as
0.7% to a record high of 427.46. The index has seen several
volatile weeks after news of the outbreak, as investors weighed
the economic impact and also the effects of liquidity measures
put in place to soften the blow on the world's second-largest
economy.
Record-high overnight finishes on Wall Street, driven by
robust earnings, also lent some support. .N
Basic resources stocks .SXPP were the best performing
European sector, rising 1.7% on an uptick in commodity prices.
Norwegian oil and gas explorer Aker BP AKERBP.OL rose 2.4%
after clocking better-than-expected fourth quarter core
earnings.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.