European shares hit record high as Middle East, trade tensions ease
Also, lending support was confirmation from China on the signing of a "phase 1" trade deal with the United States next week, leading to an easing in trade-related concerns. The pan-European STOXX 600 index rose 0.6% to a record high of 420.98, while stocks in Germany, the bloc's biggest economy, gained 1.1%.
German industrial production rose more than expected in November, data showed. However, a separate reading showed that the country's exports sank well below expectations, indicating that demand for goods from the industrial powerhouse still remained languid. Carmaker BMW rose 0.8%, with traders saying brokerage Exane had upgraded the stock.
The technology was the best performing regional subindex and gains were led by a 2% rise in chipmaker Infineon Technologies.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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