Sat. Jan 23rd, 2021

European stocks hit four-year high despite Chinese profits slump – business live

Rolling coverage of the latest economic and financial news, as US president Trump claims a trade deal is very close

11.05am GMT

The UK’s FTSE 100 index is up 10% so far this year, while the EU-wide Stoxx 600 has gained 21.5%.

And a new poll by Reuters shows that many investors expect the rally to run on in 2020, as fears of a global recession ease.

Latest #Reuters #poll on #global #equity #markets – Further to run for global #stocks, but #trade salve needed: Reuters poll

10.22am GMT

Shares in smaller UK companies are also pushing higher today.

The FSTE 250 index of medium-sized listed firms has jumped another 79 points, or 0.38%, to 20,944 — its highest level since August 2018.

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