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European shares hover near record high in thin holiday trade

Published 24/12/2019, 09:23
© Reuters.  European shares hover near record high in thin holiday trade

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Dec 24 (Reuters) - European shares traded near all-time

highs on Tuesday in a holiday-shortened week, helped by optimism

about the global economic outlook amid progress in U.S.-China

trade talks.

The pan-European STOXX 600 index .STOXX was nearly

unchanged at 0813 GMT.

Britain's FTSE 100 .FTSE fell 0.2% and Spain's IBEX

.IBEX eased 0.4%. France's CAC .FCHI was trading flat, while

Germany's DAX .GDAXI and Italy's FTSE MIB .FTMIB were shut

for Christmas Eve.

Investor sentiment has received a boost going into the new

year with the apparent easing of two of the biggest risks to

global growth: the prolonged Sino-U.S. trade war and an

uncertain exit for Britain from the European Union.

After nominal growth in the second and third quarters, the

benchmark index is on course to end the year with its biggest

annual gain in a decade. Easy monetary policy is again expected

to keep a floor under European shares in 2020. Among individual movers, Spanish sausage casing company

Viscofan VIS.MC fell 1.4%, while French oilfield services

company TechnipFMC FTI.PA added 1.2%.

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