Economic news

European stocks climb toward almost four-month peak

European stocks gained on Monday as easing trade war concerns pushed the dollar, underpinning exporters, while investors focused on coalition talks in Italy.

Photo: Reuters

The pan-European STOXX 600 index soared 0.3% to 396.01, heading for its top since Jan. 30.

The UK’s FTSE 100 index surged 0.7% to 7,831.21, on course for a record closing high. France’s CAC 40 index climbed 0.6% to 5,648.23. Italy’s FTSE MIB index slumped 1.1% to 23,192.70.

Ryanair dropped as much as 3.1% in early trading. The Ireland-based carrier posted a record annual profit but warned on 2019 profit.

French Economy Minister Bruno Le Maire said on Sunday that the stability of the euro area will be in jeopardy if the new Italian government fail to keep its financial commitments.

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