Festive European markets notch another record high

  • Reuters
  • Stock Market News
Festive European markets notch another record high
Credit: © Reuters.

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

Dec 27 (Reuters) - European shares rose to another record high on Friday, as investors remained optimistic about an improving global economy after a fresh dose of upbeat economic data from China and firming indications of a preliminary U.S.-China trade deal.

The pan-European STOXX 600 index .STOXX was up 0.2% at 0804 GMT. The index has now hit record highs for three consecutive sessions in a holiday-shortened week.

Data on Friday showed profits at China's industrial firms rose at the fastest pace in eight months in November. The news added to a broader rally, fuelled by an initial U.S.-China trade deal and hopes of a smoother Brexit. said this week it was in close contact with Washington about their Phase 1 agreement, following comments from U.S. President Donald Trump about a formal signing ceremony. deal is widely expected to be signed in early January.

Still, with no other major updates expected this year either on the trade front or on future Brexit negotiations, volumes are expected to remain light until the first full week of January.

In a light day for corporate news, Qiagen QIA.DE shares tumbled 18.7% after the genetic testing firm decided against selling the company.

Add Chart to Comment

Comment Guidelines

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.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search