Stocks in Europe rose Wednesday as concerns over China’s gaming and technology clampdown eased, countering lingering worries about the spread of the Covid-19 delta strain and its effect on the global recovery.
Technology shares led the charge as the Stoxx Europe 600 index climbed for a third day to a fresh record. The travel and leisure sector also outperformed as shares of online gaming companies recovered after Chinese state media toned down their criticism of the industry. The euro declined after a European Central Bank policy maker said the central bank won’t rush a decision on stimulus.
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August 04, 2021 at 05:14AM
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