European stocks touch record

Business | 9 Jan 2020 4:34 pm

European shares touched a record high today, tracking broader gains in global equities, after the United States and Iran backed away from further military escalation in the Middle East, Reuters reports.

Also lending support was confirmation from China on the signing of a “phase 1” trade deal with the United States next week, leading to an easing in trade related concerns.

The pan-European STOXX 600 index added 0.6 percent to a record high of 420.98, while stocks in Germany, the bloc's biggest economy, gained by 1.1 percent.

 

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