LONDON: European equities climbed to new peaks yesterday, with Germany’s DAX stock market setting a new record high. London’s FTSE 100 index of top shares slid 0.53 per cent to stand at 6,838.14 points in late morning deals.
The pan-European FTSEurofirst 300 index was up by 0.2 per cent at 1,396.75 points by the middle of the trading day, setting a new peak for this year and reaching its highest level since early 2008.
Germany’s DAX was up by 0.2 per cent, at 10,028.32 points, having earlier in the day set a record high of 10,033.74 points.
The IBEX 35 in Madrid was flat at 11,162.80.
“Investors’ appetite for stocks is still strong, and the latest measures from the ECB is fuelling the rally started two years ago. We still have to see the economic impact from these measures, but meanwhile pick-up in corporate merger and acquisition activity should help keep the market rally alive,” said Barclays France director Franklin Pichard. Agencies