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European Stocks Rise for Third Day Amid Rebounding Cyclicals
Wednesday, 3 June 2020 14:40 WIB | MARKET UPDATE |Stoxx Europe 600Indeks Stoxx 600

European stocks rose for a third consecutive session on Wednesday morning, as the region's progress toward economic normality and hopes for more central-bank stimulus outweighed concerns over deadlocked Brexit talks and simmering U.S.-China tensions.

The Stoxx Europe 600 Index advanced 0.9% as of 9:17 a.m. in London, with all 19 sectors in positive territory. France's CAC and Germany's DAX outperformed the benchmark, each gaining more than 1%.

A rebound in European equities regained momentum this week after having stalled during May, rising to the highest since early March. Cyclical stocks drove gains in the region's benchmark, with energy and banking among the week's strongest sectors.

Source : Bloomberg

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