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European shares inch to record highs on earnings, recovery optimism

3 Min Read (Reuters) -European stocks inched higher on Monday, extending their record-setting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in COVID-19 cases globally. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 16, 2021. REUTERS/Staff The pan-European STOXX 600 index rose 0.1% after marking its seventh straight week of gains on Friday, while an index of euro zone shares rose 0.1% to touch its highest since September 2000. Travel & leisure stocks rose 1.1% to an all-time high on optimism that ramping up of COVID-19 vaccination programmes will drive a quicker re-opening of European economies.

European shares at record high on auto stocks boost

By Reuters Staff 2 Min Read (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) April 19 (Reuters) - European stocks inched higher on Monday, extending their record-setting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in COVID-19 cases globally. The pan-European STOXX 600 index rose 0.1% by 0706 GMT, its fifth day of gains, while an index of euro zone shares rose 0.2% to touch its highest since September 2000. Automakers were the top gainers, up 0.7%, followed by miners and travel stocks. French car parts maker Faurecia rose 1% after its first-quarter sales beat market expectations, helped by particularly strong growth in China.

European shares: European shares at record high on auto stocks boost

Synopsis The pan-European STOXX 600 index rose 0.1 per cent by 0706 GMT, its fifth day of gains, while an index of euro zone shares rose 0.2 per cent to touch its highest since September 2000. Getty Images Automakers were the top gainers, up 0.7 per cent, followed by miners and travel stocks. European stocks inched higher on Monday, extending their record-setting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in Covid-19 cases globally. The pan-European STOXX 600 index rose 0.1 per cent by 0706 GMT, its fifth day of gains, while an index of euro zone shares rose 0.2 per cent to touch its highest since September 2000.

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