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European shares extend gains on recovery hopes

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

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