🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

European shares extend gains on recovery hopes

Published 01/07/2021, 04:19 PM
Updated 01/07/2021, 04:20 PM
© Reuters.
UK100
-
DE40
-
HOLN
-
STOXX
-
SXOP
-
SXPP
-
SX7E
-
DHER
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Jan 7 (Reuters) - European stocks climbed for a second
straight session on Thursday, driven by hopes that a bumper U.S.
stimulus package and large-scale coronavirus vaccine rollouts
across the continent will spur a strong economic recovery.
The pan-European STOXX 600 index .STOXX rose 0.4% to hold
near February 2020 highs, while London's blue-chip FTSE 100
.FTSE gained 0.5% and Germany's DAX index .GDAXI was up
0.2%.
Growth-linked cyclical sectors such as miners .SXPP ,
energy .SX7E and construction & materials .SXOP continued
their rally on the prospects of more U.S. stimulus after
Democrats won control of the Senate. Among individual stocks, Delivery Hero DHER.DE slipped
1.8% after the German food delivery firm said it had raised
around 1.2 billion euros ($1.48 billion) by issuing new shares
to fund growth. LafargeHolcim LHN.S rose 1.4% after the world's biggest
cement maker said it would buy Firestone Building Products from
Bridgestone Americas in a deal worth $3.4 billon.

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.