Europe Stocks Extend Gains as U.K. Market Opens After Delay
London Stock Exchange.
Photographer: Chris Ratcliffe/Bloomberg
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European stocks extended their gains after the U.K. equity market started trading following a delay by one hour.
The Stoxx Europe 600 was up 0.4%, with the FTSE 100 gaining as much as 0.6% after the delayed opening, which the exchange said was due to a technical issue. The rally in European shares on Thursday mirrored strong gains on Wall Street, led by advances for financial stocks. European cyclical sectors paced the gains, with banks, autos and tech outperforming as the German bund yield rose back to above 0.5%.