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European shares rise on vaccine hopes, China data; Brexit talks eyed

Published 12/01/2020, 04:11 PM
Updated 12/01/2020, 04:20 PM
© Reuters.
STOXX
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(For a live blog on European stocks, type LIVE/ in an Eikon
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Dec 1 (Reuters) - European shares on Tuesday made a positive
start to December, with optimism around a coronavirus vaccine
strengthening the case for an economic recovery and priming
stocks for an extension of November's record-breaking gains.
After a day's dip, when investors took some profits at the
end of a spectacular month, the pan-European STOXX 600 index
.STOXX was back in the black, up 0.3%.
The index ended November with gains of nearly 14%.
Further bolstering sentiment, a business survey echoed
official numbers from a day earlier which showed robust growth
in China's factory activity. Similar data from Europe is due
later in the day. Uncertainties around a Brexit trade deal, however, kept
gains in check. The European Union will launch contingency
measures on Wednesday or Thursday, if it is unable to reach an
agreement by then with Britain, a senior EU diplomat said on
Monday.

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