Sunday 21 January 2018

European stock hit highest level since 2008

THE broad STOXX Europe 600 benchmark share index hit its highest level since mid-2008 on Tuesday, led by a sharp rally in European banking stocks.

At 0840 GMT, the index was up 1.14pc at 292.22. It has gained 40pc since a floor hit in September 2011.

The STOXX Europe 600 Banking Index was among the top gaining sectors, up 1.8pc, buoyed by gains for Standard Chartered after it posted results.

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