Economics
European Stocks Extend Seven-Year High as German DAX Tops 12,000
Investors will watch economic reports today, with the euro area updating on consumer prices, while the U.S. releases private income and spending data. A report on U.S. manufacturing is also due, along with factory gauges across the euro region.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
European stocks extended their gains, with German equities reaching a fresh record.
The Stoxx Europe 600 Index advanced 0.9 percent to 400.18 at the close of trading in London, with automakers leading the gain. Germany’s DAX Index rallied 2.2 percent, surpassing 12,000 for the first time. The Swiss Market Index rose 0.9 percent, regaining the losses since the country’s central bank removed its cap against the euro.