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(Reuters) -European stocks rose on Tuesday, with Germany’s equity index hitting a record high on optimism around several countries easing economic restrictions, falling unemployment rate in the United Kingdom and strong earnings reports from companies.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2021. REUTERS/Staff
The pan-European STOXX 600 index rose 0.2% to end just shy of its record high hit last week, with the travel and leisure index leading gains, while technology stocks rose 0.6%.
The German DAX hit a record high and Italy’s FTSE MIB added 0.1%.
London trading was hit by concerns over potential inflation rises again on Thursday (Ian West/PA)
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London’s major markets slid back into the red as concerns over inflation continued to cause havoc with trading.
A rally towards the end of the session failed to help the FTSE completely recover, although some of its major global counterparts improved significantly enough to close higher.
The FTSE 100 closed 41.3 points lower, or 0.59%, at 6,963.33 on Thursday.
FTSE slides over inflation fears despite late rally
File photo dated 22/08/18 of the Burberry store on New Bond Street, London. Burberry said it has donated more than 100,000 pieces of PPE while it has also transformed its Yorkshire trench coat factory to produce protective equipment for hospital staff. London’s major markets slid back into the red as concerns over inflation continued to cause havoc with trading. A rally towards the end of the session failed to help the FTSE completely recover, although some of its major global counterparts improved significantly enough to close higher. The FTSE 100 closed 41.3 points lower, or 0.59%, at 6,963.33 on Thursday.