European, Asian shares jump as China and Japan data gain momentum
- Date: 16-Nov-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:Gulf
European, Asian shares jump as China and Japan data gain momentum
Picture used for illustrative purpose. File
Gulf Today Report
European shares hit its nine-month high on Monday as Asian data look promising and COVID-19 vaccine seems on the way.
The pan-European STOXX 600 rose 0.7% by 08:05 GMT, with banks and travel stocks gaining the most.
In October, China recorded fast growth in its factory output, sales in retail soared as the economic recovery gains momentum.
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