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European markets ends festive week at fresh record highs (Yahoo News, 27 Dec 2019)

Dec 27, 2019

European stocks wrapped up a holiday-thinned week at record highs on Friday as growing hopes that a Sino-U.S. trade deal would be inked soon, as well as the latest dose of upbeat China data supported prospects of an improving global growth.

The pan-European STOXX 600 index .STOXX> gained about 0.2% as investors returned from Christmas and Boxing day holiday to comments from Beijing that it was in close contact with Washington about their initial agreement, shortly after U.S. President Donald Trump talked up a formal signing ceremony.

The benchmark index, up more than 24% so far in 2019, is on course for its best year since the global financial crisis as firming indications of a Phase 1 trade deal and hopes of a smoother Brexit in the final month of the year.

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