European equities stay close to record highs ‘Meme stocks’ surge on Wall Street, while strong economic figures lift sentiment
about 2 hours ago Updated: about an hour ago
Cinema owner AMC Entertainment Holdings is one of the ‘meme stocks’ soaring again on Wall Street. Photograph: Jim Watson/AFP
European stocks stayed near record levels on Wednesday, helped by energy and consumer stocks, while strong economic data from the United States and Europe buoyed investor sentiment in a mostly quiet day of trading.
Data showing a strong expansion in US and European factory activity in May lifted world shares to fresh highs on Tuesday, with investors awaiting US jobs data on Friday for confirmation of a solid recovery in the world’s largest economy.