BofA update shows where active managers are putting money
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Nov 18 (Reuters) - European shares edged closer to a record
level on Monday, as optimism around U.S.-China trade talks and a
surprise move by China's central bank in cutting a key interest
rate painted an upbeat picture about global growth.
The pan-European STOXX 600 index .STOXX rose 0.17% by 0814
GMT, extending gains after its six-week winning streak. The
index is only 8 points short of an all-time high of 415.18
points hit in mid-April.
Chinese state media Xinhua reported over the weekend Beijing
and Washington had "constructive talks" on trade in a
high-level phone call on Saturday. Also adding to the positive sentiment was news that China's
central bank unexpectedly trimmed a closely watched lending rate
for the first time in more than four years on Monday, a signal
that policymakers are ready to act to prop up slowing growth.
Among stocks, Frankfurt-listed shares of genetic testing
company Qiagen NV QIA.DE shot 13.2% to the top of STOXX 600
after the company said it had started reviewing options
including a sale.