European shares rose, extending the year’s upbeat start to a second week, as China reopened its borders overnight and U.S. and European data soothed nerves about aggressive tightening by central banks. | Reuters
European shares rose on Monday, extending the year’s upbeat start to a second week, as China reopened its borders overnight and U.S. and European data soothed nerves about aggressive tightening by central banks.The index clocked its best weekly performance in nine months on Friday after a clutch of positive data – including strong euro zone factory activity and a drop in the region’s inflation – indicated a milder-than-expected recession and easing price pressures.
That, along with data showing a tight U.S. labour market, calmed fears that the U.S. Federal Reserve and the European Central Bank would continue with their aggressive monetary policy.
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