European shares near 3-week high on US stimulus hopes
- The pan-European STOXX 600 index rose 0.7pc by 0707 GMT, with travel and leisure, industrial and chemical sectors leading the gains.
European stocks resumed gains on Thursday, inching closer to a three-week high on expectations of a targeted US stimulus package as well as positive corporate updates.
The pan-European STOXX 600 index rose 0.7pc by 0707 GMT, with travel and leisure, industrial and chemical sectors leading the gains.
Wall Street indexes surged overnight on signs that talks over aid to the pandemic-ravaged airline industry were progressing in Washington even as US President Donald Trump called off talks on a more comprehensive deal.
Ratos AB jumped 11.3pc after US business analytics company Dun & Bradstreet said it would acquire Europe's Bisnode from the Swedish private equity firm.
Mediobanca rose 2.4pc after eyewear tycoon Leonardo Del Vecchio raised his stake to just above 10pc in Italy's top investment bank.
Sensor maker AMS slipped 3.1pc as it posted third-quarter sales near the upper end of its guidance range and announced issuance of bonds to secure long-term financing.
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