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European shares hit highs as markets upbeat about recovery

European shares hit highs as markets upbeat about recovery MSCI world equity index, which tracks shares in 49 countries, was flat on the day about 2 hours ago   World shares traded near record highs on Monday, as markets were generally upbeat about the prospects for a global economic recovery from Covid-19, ahead of a busy week for earnings. Europe’s Stoxx 600 reached a record high and was up 0.2 per cent at 7.36am GMT. Asian shares hit one-month highs overnight. MSCI world equity index, which tracks shares in 49 countries, was flat on the day, having come close to but not surpassed Friday’s record high. MSCI’s main European Index was up 0.1 per cent.

Global Markets: European shares hit highs as markets upbeat about recovery prospects

German GDP downgrade and coronavirus worries hammer European stocks

3 Min Read (Reuters) - European stocks tumbled on Wednesday as extended coronavirus lockdowns drove the German government to slash its growth forecast for 2021, while talk of further interest rate cuts by the European Central Bank hit banking stocks. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 26, 2021. REUTERS/Staff After holding largely unchanged in morning trade, the pan-European STOXX 600 fell into the red and closed down 1.2% - its biggest single-day percentage fall in over five weeks. The global mood also soured as investors turned more cautious about mounting coronavirus cases around the world and about stretched stock valuations after retail investors piled into some niche U.S. stocks, causing an eye-popping surge in their market value within just days.

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