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European shares up for fourth session on stimulus optimism

Published 12/17/2020, 03:11 AM
Updated 12/17/2020, 03:15 AM
© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European shares remained at 10-month highs on Thursday, as hopes of more stimulus in the United States and potential COVID-19 vaccine rollouts in Europe strengthened the case for a global economic recovery.

Germany's DAX climbed 1.1% to hit its highest since February, while the pan-European STOXX 600 index rose 0.6%, both extending gains to a fourth straight session.

Germany and France said they were set to begin inoculating their citizens with the Pfizer-BioNtech vaccine in the last week of December, once it is approved by the European Medicines Agency.

London's FTSE 100 was up 0.4% with eyes on a Bank of England meeting later in the day. The central bank is expected to keep its policy unchanged, awaiting the fate of a Brexit trade deal.

Shares of WPP Plc (LON:WPP) jumped 3.7% as the world's biggest advertising firm said it expects to return to its 2019 level of net sales by 2022.

Latest comments

I was waiting for that investment
shares up on stimulus hopes and possible Brexit deal for months now. it has been more than priced in already.
me on stimulus enjoying earths orbit noww👏👏👏
stimulus, stimulus, half a year already about stimulus, looks as if big companies cannot work without extra money printed specially for them
Why European shares up on US stimulus??
You are really genius 😉
The question is right because if the American print dollars the euro becomes mor expensive and the goods from Germany get expensive for american customers.
Year 2040: shares up on stimulus hope
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