European stocks hover near record on lingering policy optimism
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European stocks neared record highs, driven by optimism over policy easing and US growth. The Stoxx 600 Index rose 0.37%, with energy and insurance shares outperforming. Consumer products declined, impacted by Nike's sales warning. US inflation cooling and ECB's growth forecast boosted sentiment. WH Smith dropped 3.7% after cutting its dividend. FedEx's strong earnings may activate delivery stocks. Michael Brown remains bullish on equities due to robust earnings and resilient economy.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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