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European Stocks Rise to Record, Hot on Heels of S&P 500
A day after the S&P 500 touched an intraday record, the STOXX Europe 600 is on course to close at an all-time high. Adding 0.1% on Thursday, it last hit a record high back in September.
Similar to price moves in the U.S., the gains are based on optimism that President Donald Trump’s plans to raise tariffs on goods imported to the U.S. won’t be as severe as promised so far. Big European countries count on the U.S. for a large portion of their sales.
Germany’s DAX index was up 0.3% and the CAC 40 in France added 0.4%, while the FTSE 100 in the U.K. was little changed.
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