Economic news

European stocks rise modestly amid U.S. and Asia rally

European stocks rose slightly in early trading on Thursday, being unable to match a rally that boosted Wall Street and Asia to fresh record highs.

Photo: Reuters

The pan-European STOXX 600 increased 0.4% to 399.45 points.

The DAX index in Germany rose 0.5% to 13,248.69 points. The CAC 40 index in France added 0.4% to 5 514.87 points.

The FTSE 100 index lost 0.1% to 7,717.69, as telecom and utility stocks were among main losers.

The UK’s FTSE dipped in part as sterling continued to climb to levels versus the U.S. dollar not scaled since the 2016 Brexit vore. The British currency is on course for its fifth gain in six days and was last traded at $1.3842.

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