European Stocks Hit New Record High

An improvement in investors’ sentiment helped European stocks finish at a new record level on Monday, opening the first session of August with a positive performance after gaining about 2% in July.

The STOXX Europe 600 index closed higher by 0.59% at a new record high of 464.45 points.

Gains by the pan-European index were supported by a 1.8% rise by retail stocks.

The French CAC40 index rose by 0.95%, the UK’s FTSE100 increased by 0.7%, while the German DAX added 0.16%.