EUROPE MARKETS: Europe Stocks Advance For Third Session In A Row

Date : 08/20/2019 @ 9:23AM
Source : Dow Jones News
Stock : FTSE 100 Index (UKX)
Quote : 7299.45  -21.96 (-0.30%) @ 3:44PM
FTSE 100 share price Chart

EUROPE MARKETS: Europe Stocks Advance For Third Session In A Row

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By Steve Goldstein, MarketWatch

Europe stocks on Tuesday rose for a third session in a row, supported by murmurings that fiscal policy could join monetary action in supporting the global economy.

The Stoxx Europe 600 rose 0.3% to 374.88, led by drugmakers including AstraZeneca (AZN.LN) , which reported a favorable study, and household product firms including Unilever (ULVR.LN) .

The German DAX rose 0.2% to 11735.18, the French CAC 40 gained 0.2% to 5383.04 and the U.K. FTSE 100 rose 0.4% to 7217.40.

Talk of fiscal stimulus was once again in the air, as the Washington Post reported that White House officials have begun talking about a temporary payroll tax cut, while Italian Deputy Prime Minister Matteo Salvini called for a 50 billion euro "shock" stimulus.

U.S. stock futures also were slightly higher after a 250-point advance for the Dow Jones Industrial Average on Monday.

 

(END) Dow Jones Newswires

August 20, 2019 04:08 ET (08:08 GMT)

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