European stocks hit 1-year high

2021-02-16 12:52:16 GMT (Economies.com)
European stocks hit 1-year high

European stocks rose on Tuesday, extending gains for the fourth straight session and hit a 1-year peak, amid improved investors' sentiment thanks to hopes for a fast global economic recovery.

 

The Stoxx Europe 600 index rose 0.1% as of 11:15 GMT, and hit the highest since February 2020 at 420.6 points, after it closed higher by 1.3% yesterday, in the third straight daily gain thanks to positive updates about Covid-19 vaccination campaign in the UK.

 

The mining sector saw the largest gains in Europe today, rising around nearly 1.5%, as most industrial metals prices rose.

 

The World Health Organization (WHO) officially agreed to grant emergency use to the Covid-19 vaccine developed by AstraZeneca and the University of Oxford.

 

The Euro area GDP reading fell 0.6% in the fourth quarter of 2020, less than expected of a drop by 0.7%.

 

S&P 500 futures rose more than 0.2%, and hit a record high after the index closed higher by 0.5% on Friday and hit its record high of 3,937.23.

 

Back to Europe, the Euro Stoxx 50 index rose 0.1%, France's CAC 40 rose 0.3%, the UK's FTSE 100 added 0.2%, and Germany DAX index rose 0.1%.

 
 
 
  Symbol Last Change Chg.%
1.2158
0.0013
0.1095%
1.4130
0.0094
0.6676%
Tadawul
9115.76
-51.05
0.56%
27.968
0.512
1.867%
63.501
3.112
5.153%
67.04
1.94
2.98%
1798.955
1.010
0.056%
 
 
US
 
Europe
 
Asia