European stocks scale all-time highs with miners in the lead

By Reuters6 days ago


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April 8 (Reuters) - European stocks hit record highs on Thursday on optimism around a global stimulus-led economic rebound after the U.S. Federal Reserve pledged to keep monetary policy loose.

The pan-European STOXX 600 .STOXX rose 0.5% by 0720 GMT, adding to gains made earlier this week when the index erased all of its pandemic-driven losses.

Miners .SXPP, automakers .SXAP and retailers .SXRP led gains on the index - up between 0.7% and 1% in early trading.

Fed officials remain wary about the ongoing risks of the coronavirus pandemic and are committed to bolstering the economy until its recovery is more secure, minutes of the central bank's latest policy meeting showed on Wednesday.

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