Europe’s STOXX 600 hits record high on global recovery optimism By Reuters – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt By Sruthi Shankar (Reuters) - Europe's benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on a speedy global economic recovery, spurred by bumper stimulus spending and COVID-19 vaccination programmes. European traders returned from a long weekend to push the up 0.8% to 435.7 points. It has climbed more than 60% from last year's lows and surpassed its previous all-time high of 433.90 points in February 2020.

The German rose 1.1% to add to its recent record-setting rally, 40 was up 0.6%, also fully recovering from last year's crash and UK's jumped 1.2%. Wall Street's main indexes notched all-time highs on Monday after data pointed to a strong U.S. labour market and business activity recovery, helping lift the global mood even as coronavirus cases spiked across the world. () "European equity markets ...read more...