European stocks hit a record high on Friday after strong data in the United States and China sparked optimism about a rapid economic recovery, while carmakers received a boost following better-than-expected earnings for Daimler.<\/p>\n\n\n\n
The pan-European STOXX 600 index added 0.1%, and is on track for its seventh straight week of gains.<\/p>\n\n\n\n
The German DAX index also gained 0.1%, while the British FTSE 100 index gained 0.4%.<\/p>\n\n\n\n
Global stocks are near record highs after data showed that the Chinese economy’s recovery accelerated at a sharp pace in Q1 from a big drop last year, driven by the coronavirus.<\/p>\n\n\n\n
German auto and truck maker Daimler gained 2.1% as rising car prices and strong demand in China helped the company achieve a better-than-expected rise in its quarterly operating profit. The index of the broader auto sector rose 1%.<\/p>\n\n\n\n
German food delivery company Hello Fresh jumped 5.6% after its preliminary first-quarter results beat expectations, raising the 2021 forecast.<\/p>\n\n\n\n
Shares in L’Or\u00e9al, the maker of Lancome, fell 1.8% despite another improvement in sales in Q1.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks hit a record high on Friday after strong data in the United States and China sparked optimism about a rapid economic recovery, while carmakers received a boost following better-than-expected earnings for Daimler. The pan-European STOXX 600 index added 0.1%, and is on track for its seventh straight week of gains. The German DAX …<\/p>\n","protected":false},"author":9,"featured_media":30900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6864],"class_list":["post-44532","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-european-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=44532"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44532\/revisions"}],"predecessor-version":[{"id":44533,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44532\/revisions\/44533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30900"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=44532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=44532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=44532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}