European shares climb on vaccine hopes, mixed earnings

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European shares rebounded on Wednesday from losses in the previous session, bolstered by positive updates on a potential COVID-19 vaccine, while investors weighed a mixed bag of quarterly reports at the start of earnings season.

The pan-European STOXX 600 rose 0.8% by 0720 GMT, with travel & leisure .SXTP and miners .SXPP leading gains.

Hopes were high among investors heading into a EU summit later this week that leaders will agree on a recovery fund of 750 billion euros for pandemic-hammered economies.

 

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