European shares surge near record highs on China stimulus, luxury stocks lead, oil drags

From Investing.com: 2024-09-26 04:45:35

European shares surged with optimism on fresh stimulus from China, nearing record highs. Chinese leaders pledge fiscal spending for 5% growth target, boosting CSI300 and Hong Kong markets. Luxury stocks lifted benchmark on Chinese consumer spending reliance. Technology and basic resources sectors rose, but oil stocks dragged. ECB remarks awaited, Swiss National Bank cut rates, H&M dropped profit outlook. Jerome Powell’s speech and U.S. jobless data awaited for market impact.



Read more at Investing.com: China rally propels STOXX 600 to near record high By Reuters