{"id":114465,"date":"2021-05-18T08:53:09","date_gmt":"2021-05-18T08:53:09","guid":{"rendered":"https:\/\/fin2me.com\/?p=114465"},"modified":"2021-05-18T08:53:09","modified_gmt":"2021-05-18T08:53:09","slug":"reopening-optimism-pushes-european-stocks-closer-to-record-high","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/reopening-optimism-pushes-european-stocks-closer-to-record-high\/","title":{"rendered":"Reopening optimism pushes European stocks closer to record high"},"content":{"rendered":"<figcaption>FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2021. REUTERS\/Staff<\/figcaption><p>(Reuters) &#8211; European stocks neared record high on Tuesday on optimism around several countries easing economic restrictions, falling unemployment rate in the United Kingdom and strong earnings reports from companies.<\/p>\n<p>The pan-European STOXX 600 index rose 0.7% by 0716 GMT, trading just shy of its record high hit last week, with economy-linked cyclical sectors like miners and automakers leading the gains.<\/p>\n<p>The German DAX rose 0.8% to hit a record high, while Italy\u2019s FTSE MIB added 0.8% to fresh pre-pandemic highs.<\/p>\n<p>Milan-listed shares of Stellantis gained 1.3% ahead of the announcement of ties with Foxconn.<\/p>\n<p>The world\u2019s biggest maker of hearing aids Sonova Holding surged 8.5% after predicting strong growth this year due to a market recovery and new products.<\/p>\n<p>Meanwhile, Vodafone fell 7.2% after the UK mobile operator reported a 1.2% drop in full-year adjusted earnings as COVID-19 hit roaming revenue and handset sales.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-europe-stocks\/reopening-optimism-pushes-european-stocks-closer-to-record-high-idUSKCN2CZ0O4\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2021. REUTERS\/Staff(Reuters) &#8211; European stocks [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":114464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reopening optimism pushes European stocks closer to record high - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/reopening-optimism-pushes-european-stocks-closer-to-record-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reopening optimism pushes European stocks closer to record high - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2021. 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