European shares rebound; German stocks climb to record high
Reuters
Published Jan 22, 2020 03:30AM ET
(Reuters) - European shares bounced back on Wednesday as China's efforts to contain a coronavirus outbreak eased worries of a global pandemic, while the trade-sensitive German shares hit record levels.
By 0806 GMT, the pan-European STOXX 600 (STOXX) was up 0.2%. Frankfurt's DAX (GDAXI) outperformed regional peers, after a survey showed that a U.S.-China trade truce had lifted German investor morale to its highest since 2015.
Britain's Berkeley Group Plc (L:BKGH) jumped 6% to the top of STOXX 600 index as the housebuilder said it will increase its returns to shareholders by about 455 million pounds ($594.00 million) over the next two years.
Italy's FTMIB (FTMIB), however, lagged on reports that Luigi di Maio would step down as the leader of the co-ruling 5-Star Movement.
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Written By: Reuters
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