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After a brutal October, Wednesday is a rare good day for European shares, as companies’ earnings are brightening and even US stocks have rebounded.
The Stoxx Europe 600 Index climbed 2 percent as of 2:38 p.m. in London, the most on a closing basis since April, with every sector but one in the green. The S&P 500 is up 1.7 percent on its second straight day of recovery. Even so, this month European shares are still down the most since January 2016.
In addition, basic resources were Wednesday’s best-performing sector on signs that China’s stimulus is helping to
The Stoxx Europe 600 Index climbed 2 percent as of 2:38 p.m. in London, the most on a closing basis since April, with every sector but one in the green. The S&P 500 is up 1.7 percent on its second straight day of recovery. Even so, this month European shares are still down the most since January 2016.
In addition, basic resources were Wednesday’s best-performing sector on signs that China’s stimulus is helping to
