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The pan-European STOXX 600 gained 0.8% by 0829 GMT, surpassing its previous all-time high marked in mid-August. The global mood was buoyed by Japan’s post-election boost and stabilising coal prices in China. [GLOB/MKTS] [MET/L]
The German DAX and France’s CAC 40 all rose about 0.8%, while Britain’s FTSE 100 was up just 0.4%.
British bank Barclays (LON:BARC) dipped 2.0% after it said chief executive officer Jes Staley is to stand down following regulators’ investigations into his ties with convicted sex offender Jeffrey Epstein.
Pharma stocks were among the top boosts, with French drugmaker Sanofi (NASDAQ:SNY) up 2.0% after HSBC upgraded the stock to “buy”.
Volkswagen (DE:VOWG_p) inched up 0.7% after saying its Skoda Auto would resume production on Sunday following a two-week outage caused by the chip crisis.
Pandora (OTC:PANDY), the world’s largest jewellery maker, slipped 3.5% despite raising its outlook for the year.
