European stocks hit new highs on Daimler profit taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) -European stocks hit a record high on Friday after strong U.S. and China data spurred optimism about a speedy global recovery, while strong results from Germany’s Daimler boosted carmakers.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 14, 2021. REUTERS/Staff
The pan-European STOXX 600 index rose 0.3%. The German DAX gained 0.6% to hit an all-time high, while UK’s FTSE 100 was up 0.4%.
Global stocks stood near record highs after data showed China’s economic recovery quickened sharply in the first quarter and U.S. retail sales rose by the most in 10 months in March.
Вълна от оптимизъм на световните борси след силните икономически данни от Китай и САЩ* manager.bg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manager.bg Daily Mail and Mail on Sunday newspapers.
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(Reuters) -European stocks fell on Monday from all-time highs as investors booked profits ahead of the quarterly corporate earnings season, while two French utility companies surged on news of a merger deal after months of wrangling.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 1, 2021. REUTERS/Staff
Shares of Veolia and Suez surged 9.7% and 7.7% after the waste and water management companies agreed on a merger deal worth nearly 13 billion euros ($15.4 billion).
The benchmark pan-European STOXX 600 index ended about 0.5% lower after closing at a record high on Friday, with technology, travel and leisure and commodity stocks leading declines.