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European Shares Up for Fourth Session on Stimulus Optimism

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Dec 17 Reuters European shares remained at 10month highs on Thursday, as hopes of more stimulus in the United States and potential COVID19 vaccine rollouts in Europe strengthened the case for a global economic recovery.

Germanys DAX climbed 1.1 to hit its highest since February, while the panEuropean STOXX 600 index rose 0.6, both extending gains to a fourth straight session.

Germany and France said they were set to begin inoculating their citizens with the PfizerBioNtech vaccine in the last week of December, once it is approved by the European Medicines Agency.

Londons FTSE 100 was up 0.4 with eyes on a Bank of England meeting later in the day. The central bank is expected to keep its policy unchanged, awaiting the fate of a Brexit trade deal.

Shares of WPP Plc jumped 3.7 as the worlds biggest advertising firm said it expects to return to its 2019 level of net sales by 2022.

Reporting by Susan Mathew in Bengaluru; Editing by Arun Koyyur

Source Reuters

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