European shares rise as hopes of recovery remain strong
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 5, 2020. REUTERS/Staff
“It just speaks to evidence that a global recovery seems to be at play, given that European equities seemed to have underperformed U.S. equities recently,” said Seema Shah, chief strategist at Principal Global Investors in London. Banks .SX7P, real-estate .SX86P and retail .SXRP stocks led the charge among European sector indexes.
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