EUROPE MARKETS: Europe Stocks Advance For Third Session In A Row
August 20 2019 - 4:23AM
Dow Jones News
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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