European shares rose for a third straight session on Thursday, as hopes of a large stimulus under incoming U.S. President Joe Biden and uoptimistic Chinese export data increased sentiment.
STOXX 600 index rose 0.3%, while DAX index was up 0.3%. FTSE 100 index gained 0.1%.
After CNN reported that Biden could spend $2 trillion in stimulus,Global Markets extended gains. Meanwhile, data showed Chinese exports grew more than expected in December, as coronavirus disruptions around the world fueled demand for Chinese goods. Carrefour fell 6.0% after the French government raised concerns about its takeover by Canadian convenience-store operator Alimentation Couche-Tard. Chipmakers received a boost after Taiwan’s TSMC posted a record high quarterly profit due to demand for devices requiring high-end chips. Semiconductor equipment makers ASML and ASMI jumped almost 4% after Barclay boosted its price target on the stocks.