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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) Cineworld shines on UK reopening Lagarde says too early to discuss policy change Several European markets closed for holiday
May 24 (Reuters) - European stocks closed in on record highs
on Monday as investors counted on continued economic recovery
and strength in corporate earnings to keep the market momentum
going.
The pan-European STOXX 600 index rose 0.2% to
445.10 points, just below its record high of 446.19 points.
Trading activity was subdued with markets in Austria,
Denmark, Hungary, Norway, Switzerland and Germany closed for
2 Min Read
(Reuters) -European stocks held close to record highs on Monday with technology stocks leading the charge, as investors counted on strength in corporate earnings to keep the market momentum going.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 20, 2021. REUTERS/Staff
The pan-European STOXX 600 index rose 0.1% to 445.07 points, just below its record high of 446.19 points.
European technology stocks jumped 1%, while more economy-sensitive sectors such as banks and basic resources traded in the red.
“Our near-term focus on the reflation trade and sectors like energy and financials is not as interesting as the case for growth and technology,” said Mark Haefele, chief investment officer of global wealth management at UBS.
European stocks hover near record high, Cineworld gain indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.