(Reuters) -London's FTSE 100 rose above the 7,000-mark on Friday for the first time since the pandemic pummelled financial markets last year, as speedy vaccine rollouts and government policy support lifted optimism about a stronger economic recovery. The domestically focussed mid-cap FTSE 250 index gained 0.2% to hit a record high, with travel and leisure stocks being among the biggest gainers. "We're repeating what happened in the U.S. ... and it's just optimism that the health crisis is being well managed, that the herd immunity is being reached a little bit earlier than expected and that's helping to propel equities to higher values," said Sebastien Galy, a macro strategist at Nordea Asset Management.
(Reuters) -European stocks hit a record high on Friday after strong U.S. and China data spurred optimism about a speedy global recovery, while strong results from Germany's Daimler boosted carmakers. The pan-European STOXX 600 index rose 0.3%. Global stocks stood near record highs after data showed China's economic recovery quickened sharply in the first quarter and U.S. retail sales rose by the most in 10 months in March.
US stocks rallied to more record highs while Asian markets open mixed but gain later in the day