UPDATE 2-European shares post best week since 2011, focus on EU stimulus [Reuters (UK)]
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Source: Reuters
European shares post best week since 2011, focus on EU stimulus - Reuters 4 Min Read (Reuters) - European stock markets gained for a fourth straight day on Thursday with sentiment propped up by the latest round of stimulus from the U.S. Federal Reserve and on hopes the coronavirus pandemic was close to peaking. The pan-European STOXX 600 index closed up 1.6% to end a holiday-shortened week 7.4% higher – its best week since 2011. London's FTSE .FTSE led the charge among European majors, up 2.9%. Sentiment was buoyed by data showing France’s coronavirus hospital deaths slowed and Spain’s new cases eased, but the main lift of the session came as Wall Street indexes jumped after the Fed rolled out a $2.3 trillion program to bolster local governments and businesses. [.N] That overshadowed data showing another week with over 6 million new U.S. jobless claims. “The Fed will buy riskier debt and that should keep this V-shaped rebound going a little longer,” said Edward Moya, senior market ana
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