European stocks edge higher on earnings optimism, recovery hopes

Riyadh, European stocks edged higher on Monday amid thin trading volumes due to a UK bank holiday, with sentiment remaining positive on hopes of a quick economic rebound and a strong earnings season, according to Reuters.
The pan-European STOXX 600 index rose 0.2% in its first day of trading in May. The benchmark ended April with a 1.8% rise, falling just shy of its all-time highs.
Data showed German retail sales posted their biggest year-on-year increase in March since the start of the COVID-19 pandemic as easing of lockdown measures boosted purchases of clothes and shoes.

 

Source: Saudi Press Agency

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