European stocks near three-week high as U.S. stimulus talks lift global mood
European stocks hit a near three-week high on Thursday as investors globally pinned hopes on more U.S. stimulus even as coronavirus cases surged across the continent.
The pan-European STOXX 600 index .STOXX closed 0.8% higher after making hesitant gains in morning trading.
The German DAX .GDAXI jumped 0.9%, also hitting its highest since mid-September, while France's CAC 40 .FCHI rose 0.6% and London's FTSE 100 .FTSE gained 0.5%.
Helping Europe rally into the close, Wall Street indexes jumped as U.S. President Donald Trump signalled progress in negotiations around new fiscal stimulus days after calling off talks on a more comprehensive deal.
However, U.S. House Speaker Nancy Pelosi said there would be no additional federal aid for U.S. airlines without a bigger relief package.
Reference: Reuters
Thai
Eng