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March 30 (Reuters) - European shares inched toward all-time
highs on Tuesday on hopes of a strong economic recovery, while
investors looked past concerns over a U.S. hedge fund default
that hit banking stocks a day earlier.
The pan-European STOXX 600 index .STOXX rose 0.5% by 0813
GMT, trading less than a percent below its record high, with
bank stocks .SX7P leading the gains. GVD/EUR
Swiss lender Credit Suisse CSGN.S inched up 0.8% after its
near 14% slide in the previous session as it warned of "highly
significant and material" losses after the fund, named by
sources as Archegos Capital, defaulted on margin calls.
The German DAX .GDAXI rose 0.6% to scale new record peak,
boosted by automakers and a 1.7% rise in Deutsche Bank
DBKGn.DE .
Spanish mobile phone mast operator Cellnex CLNX.MC rose
about 1.5% after it launched a 7 billion euro ($8.23 billion)
capital raise.