Europe: Stoxx 600 hits near 3-week high as retail, mining stocks climb

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[BENGALURU] Europe's Stoxx 600 closed at a near three-week high on Tuesday as robust industrial output data from China boosted mining and luxury stocks, while Sweden's H&M surged after reporting a profit rebound. Read more at The Business Times.

The ZEW economic research institute said investor sentiment in Germany rose unexpectedly in September, signalling confidence in a recovery from the coronavirus crisis.

"After initially rebounding strongly, the trajectory of the recovery has flattened, but continues firmly during Q3." Britain's Hiscox surged 17.0 per cent to the top of Stoxx 600 as London judges ruled that some insurers were wrong to reject claims from small firms battered by the Covid-19 pandemic, but the costs were less than expected, according to the company.

 

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