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European stocks hover near record high, UK outperforms

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European stocks hover near record high, UK outperforms

FILE PHOTO: The German allotment set index DAX graph is pictured at the inventory alternate in Frankfurt, Germany, April 1, 2021. REUTERS/Employees

(Reuters) – European stocks hovered near record highs on Wednesday as consumers awaited data on products and companies sector job for the set, whereas optimism over fast vaccination drives and a weaker pound helped UK equities outperform.

Early Newspaper

The pan-European STOXX 600 index fell 0.2% by 0704 GMT after closing at an all-time high of 435.26 aspects on Tuesday. The German DAX and France’s CAC 40 were flat.

UK’s exporter-heavy FTSE 100 gained 0.3% as a weaker pound lifted the buck earners, whereas the domestically focussed midcap index inched in direction of a record high as Britain started the roll-out of Moderna’s COVID-19 vaccine. [.L]

Recent market debutant Deliveroo Holdings rose 2.5% to 288 pence in its first day of unrestricted trading the set retail merchants purchase portion. It has shed nearly 28% since last week when it priced its preliminary public offering at 390 pence.

Ideal readings of UK and euro zone March products and companies sector job are due later in the day, with peaceable lockdowns in loads of international locations susceptible to weigh on the restoration.

Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta

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European stocks hover near record high, UK outperforms – Reuters

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