Tech shares lead European stocks close to record highs


Reuters | Updated: 06-09-2021 12:53 IST | Created: 06-09-2021 12:51 IST
Tech shares lead European stocks close to record highs
Representative Image. Image Credit: Pixabay

European stocks edged towards record levels on Monday, led by gains in technology stocks, as hopes of more economic stimulus bolstered global sentiment.

The pan-European STOXX 600 index rose 0.4% by 0712 GMT, holding 3 points below its all-time high after reversing Friday's losses on a weaker-than-expected U.S. jobs data. While a U.S. holiday is expected to result in thin market volumes, Asian shares reached six-week peaks on talk of more stimulus in Japan and China.

Tech stocks rose 1.1% to a fresh two-decade high, with shares in chip equipment maker ASML and Dutch tech investor Prosus providing the biggest boost. French engineering group Spie fell 4.2% after it confirmed it has submitted a non-binding offer to buy Equans, the newly created services unit of French energy group Engie .

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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