European Shares Gain After Wall Street Record, Powell in Focus
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European shares advanced, tracking a fresh record for US equities, as focus turned to testimony by Federal Reserve Chair Jerome Powell.
The Stoxx 600 was 0.9% higher at the close in London, with real estate outperforming, while chemicals and media lagged. France’s CAC 40 Index was 0.9% higher, reversing three sessions of declines. Spanish gas utility Enagas SA advanced as it agreed to sell its 30% stake in a US pipeline firm for $1.1 billion.