European shares edged closer to a three-month high on Monday on hopes of a post-coronavirus global recovery, with investors relieved that the U.S. response to China’s national security law on Hong Kong was not as bad as feared.
The pan-European STOXX 600 index rose 1% by 0723 GMT and hovered near its strongest level since March 9, led by gains in banks, miners and travel & leisure stocks.
U.S. President Donald Trump began the process of ending special treatment for Hong Kong to punish China on Friday, but did not mention actions that could undermine the Phase One trade deal.
Source : Reuters