European shares jump to record high amid bright global economic recovery outlook
European shares reached a new record high on Monday as investors link global central banks’ policy stance of retaining an accommodative monetary policy to a brighter global economic recovery.
The pan-European STOXX 600 gained 0.3% after ending Friday with its fourth consecutive weekly gain.
Germany’s DAX also hit an all-time high, while the UK’s FTSE 100 reached its new peak since February 2020 ahead of a decision by the government on whether to delay England’s reopening from a third national lockdown.
Investors now await the U.S. Federal Reserve’s policy meeting for hints it was shifting from its stance that rising consumer prices would be temporary.
According to analysts, any signs that policymakers might be digging in for a more sustained rise in inflation could spark concerns of an earlier-than-expected unwinding of easy money policies and hurt stocks.