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European shares at record high on auto stocks boost

Published 04/19/2021, 03:21 PM
Updated 04/19/2021, 03:30 PM
© Reuters.
DANSKE
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FRVIA
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STOXX
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STOXXE
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SXAP
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SXPP
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SXTP
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ABNd
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 19 (Reuters) - European stocks inched higher on
Monday, extending their record-setting rally, as optimism about
a solid start to the earnings season offset a worrying
resurgence in COVID-19 cases globally.
The pan-European STOXX 600 index .STOXX rose 0.1% by 0706
GMT, its fifth day of gains, while an index of euro zone shares
.STOXXE rose 0.2% to touch its highest since September 2000.
Automakers .SXAP were the top gainers, up 0.7%, followed
by miners .SXPP and travel stocks .SXTP .
French car parts maker Faurecia EPED.PA rose 1% after its
first-quarter sales beat market expectations, helped by
particularly strong growth in China. Danske Bank DANSKE.CO slipped 1.7% as Chief Executive
Officer Chris Vogelzang resigned after the Dutch authorities
named him as a suspect in a probe into violations of
money-laundering regulations at Dutch lender ABN Amro ABNd.AS .
ABN Amro rose 3.3% after it said it had reached a
480-million-euro ($574 million) settlement with prosecutors over
money laundering allegations.

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