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Jan 14 (Reuters) - European shares rose for a third straight
session on Thursday, as hopes of a large stimulus under incoming
U.S. President Joe Biden and upbeat Chinese export data boosted
sentiment.
The pan-European STOXX 600 index .STOXX rose 0.3% by 0812
GMT, while Germany's DAX index .GDAXI was up 0.3%. London's
FTSE 100 index .FTSE gained 0.1%.
Global markets extended gains after CNN reported that Biden
could spend $2 trillion in stimulus, which is much more than
market expectations.
Meanwhile, data showed Chinese exports grew more than
expected in December, as coronavirus disruptions around the
world fuelled demand for Chinese goods.
Carrefour CARR.PA fell 6.0% after the French government
raised concerns about its takeover by Canadian convenience-store
operator Alimentation Couche-Tard ATDb.TO . Chipmakers received a boost after Taiwan's TSMC 2330.TW
posted a record high quarterly profit due to demand for devices
requiring high-end chips. Semiconductor equipment makers ASML ASML.AS and ASMI
ASMI.AS jumped almost 4% after Barclays boosted its price
target on the stocks.