Europe stocks reach high on weak US data
European stocks on Friday ended at a record high as weak US payrolls data pointed to lower chances of early policy tightening, while optimism over a eurozone economic recovery buoyed most sectors. The pan-European STOXX 600 index rose 0.39 percent to a new closing high of 452.57, having earlier hit an all-time high of 452.71. It added 0.8 percent for the week. Technology stocks rose 1.2 percent and were the best performers for the day, led by Austrian chipmaker AMS AG. Shares of the company rose 4.4 percent after it announced the sale of its North American digital systems business to US-based ...
Source: taipeitimes.com