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European shares up for fourth session on stimulus optimism

Published 12/17/2020, 04:09 PM
Updated 12/17/2020, 04:10 PM
© Reuters.
UK100
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DE40
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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)
Dec 17 (Reuters) - European shares remained at 10-month
highs on Thursday, as hopes of more stimulus in the United
States and potential COVID-19 vaccine rollouts in Europe
strengthened the case for a global economic recovery.
Germany's DAX .GDAXI climbed 1.1% to hit its highest since
February, while the pan-European STOXX 600 index .STOXX rose
0.6%, both extending gains to a fourth straight session.
Germany and France said they were set to begin inoculating
their citizens with the Pfizer-BioNtech vaccine in the last week
of December, once it is approved by the European Medicines
Agency. London's FTSE 100 .FTSE was up 0.4% with eyes on a Bank of
England meeting later in the day. The central bank is expected
to keep its policy unchanged, awaiting the fate of a Brexit
trade deal. Shares of WPP Plc WPP.L jumped 3.7% as the world's biggest
advertising firm said it expects to return to its 2019 level of
net sales by 2022.

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