STOXX 600 hits record intraday high
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FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 23, 2024. REUTERS/Staff/File Photo
LONDON (Reuters) - Europe's STOXX 600 rose 0.2% to a record high of 526.72 points on Friday, eclipsing late August's all-time peak.
The index has risen 2.4% this week, its biggest weekly jump in six weeks, as global stocks have rallied on the prospect of earlier rate cuts from the Federal Reserve and European Central Bank, as well as China's plans for large-scale stimulus to boost growth.
(Reporting by Samuel Indyk; Editing by Amanda Cooper)
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