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European stocks reach new highs
European stocks rose significantly during today's trading session, with the "Stoxx 600" index reaching an increase of up to 1.2% before trimming its gains to 0.7%, amid expectations of a quarterly growth of 10.3%. German, French, and Italian stock indices also increased, ranging between 0.1% and 1.1%, with Italian stocks outperforming supported by the banking sector following a wave of merger deals. Conversely, the British "FTSE 100" index remained underperforming, as investors expressed caution amid concerns over fiscal deficits and efforts to revive economic growth. The surge in European markets comes amid anticipation of upcoming economic data and statements from central bank officials.
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