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European shares near 3-week high on U.S. stimulus hopes

Published 10/08/2020, 03:20 PM
Updated 10/08/2020, 03:30 PM
© Reuters.
MDBI
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RATOBs
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STOXX
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AMS
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SX4P
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SXNP
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SXTP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Oct 8 (Reuters) - European stocks resumed gains on Thursday,
inching closer to a three-week high on expectations of a
targeted U.S. stimulus package as well as positive corporate
updates.
The pan-European STOXX 600 index .STOXX rose 0.7% by 0707
GMT, with travel and leisure .SXTP , industrial .SXNP and
chemical .SX4P sectors leading the gains.
Wall Street indexes surged overnight on signs that talks
over aid to the pandemic-ravaged airline industry were
progressing in Washington even as U.S. President Donald Trump
called off talks on a more comprehensive deal. Ratos AB RATOb.ST jumped 11.3% after U.S. business
analytics company Dun & Bradstreet DNB.N said it would acquire
Europe's Bisnode from the Swedish private equity firm.
Mediobanca MDBI.MI rose 2.4% after eyewear tycoon
Leonardo Del Vecchio raised his stake to just above 10% in
Italy's top investment bank. Sensor maker AMS AMS.S slipped 3.1% as it posted
third-quarter sales near the upper end of its guidance range and
announced issuance of bonds to secure long-term financing.

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