🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

European shares hover near record high in thin holiday trade

Published 24/12/2019, 08:27
European shares hover near record high in thin holiday trade
UK100
-
FCHI
-
DE40
-
ES35
-
IT40
-
FTI
-
VIS
-
STOXX
-

(Reuters) - European shares traded near all-time highs on Tuesday in a holiday-shortened week, helped by optimism about the global economic outlook amid progress in U.S.-China trade talks.

The pan-European STOXX 600 index (STOXX) was nearly unchanged at 0813 GMT.

Britain's FTSE 100 (FTSE) fell 0.2% and Spain's IBEX (IBEX) eased 0.4%. France's CAC (FCHI) was trading flat, while Germany's DAX (GDAXI) and Italy's FTSE MIB (FTMIB) were shut for Christmas Eve.

Investor sentiment has received a boost going into the new year with the apparent easing of two of the biggest risks to global growth: the prolonged Sino-U.S. trade war and an uncertain exit for Britain from the European Union.

After nominal growth in the second and third quarters, the benchmark index is on course to end the year with its biggest annual gain in a decade. Easy monetary policy is again expected to keep a floor under European shares in 2020.

Among individual movers, Spanish sausage casing company Viscofan (MC:VIS) fell 1.4%, while French oilfield services company TechnipFMC (PA:FTI) added 1.2%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.