(For a live blog on European stocks, type LIVE/ in an Eikon news window)
July 2 (Reuters) - European shares climbed on Thursday, as encouraging economic data from across the globe and hopes of a COVID-19 vaccine lifted sentiment ahead of the crucial U.S. jobs data.
The pan-European STOXX 600 .STOXX rose 0.9% by 0716 GMT, in its fourth consecutive day of gains. Banks .SX7P , automakers .SXAP and travel & leisure .SXTP were the top gainers, rising between 1.5% and 2%.
Financial markets entered the second half of the year on a positive note this week, as business surveys showed a coronavirus-induced slump in global manufacturing eased in June, while a COVID-19 vaccine was found to be well-tolerated in early stage human trials. U.S. payrolls data, due at 1230 GMT, is likely to show the economy created jobs at a record clip in June, although surging virus cases threaten to derail the recovery. individual movers, Associated British Foods ABF.L jumped 7.1% as it said that trading in its Primark fashion stores that reopened after lockdown has been "reassuring and encouraging". fashion house Hugo Boss BOSSn.DE rose 1.4% after it appointed Tommy Hilfiger executive Oliver Timm as its chief sales officer. Wirecard WDIG.DE slumped 25% after police and public prosecutors raided its headquarters in Munich and four properties in Germany and Austria.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.