European stocks inch closer to all-time high, inspired by Wall Street optimism
European stocks moved higher on Tuesday, in holiday-thinned markets inspired by a prior-day rally on Wall Street and continued optimism over the latest wave of coronavirus infections.
Most markets will see a shortened day of trading on Friday, with German trade closing early on Thursday and remaining shut on Friday. U.S. markets will see normal market hours all week.
The optimism came as COVID-19 infections continue to rip across Europe and the world. Global infections reached a record of 1.44 million on Monday. Data from Spain’s health ministry showed that from Christmas Eve to Monday, the country’s 14-day incidence per 100,000 inhabitants jumped from 911 to 1,206. That’s more than 200,000 infections, an unprecedented surge.
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