Tech stocks lead Europe markets to near record highs

Tech stocks lead Europe markets to near record highs
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Updated 06 September 2021
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Tech stocks lead Europe markets to near record highs

Tech stocks lead Europe markets to near record highs
  • European stocks edged towards record levels on Monday
  • Tech stocks rose 1.1 percent to a fresh two-decade high

European stocks edged towards record levels on Monday, led by gains in technology stocks, as hopes of more economic stimulus bolstered global sentiment.
The pan-European STOXX 600 index rose 0.5 percent in early trading, holding 3 points below its all-time high after reversing Friday's losses on a weaker-than-expected U.S. jobs data.
While a U.S. holiday is expected to result in thin market volumes, Asian shares reached six-week peaks on talk of more stimulus in Japan and China.
Tech stocks rose 1.1 percent to a fresh two-decade high, with shares in chip equipment maker ASML and Dutch tech investor Prosus providing the biggest boost.

Seperately, German industrial orders were up 3.4 percent, reaching an all-time high, according to official data