Semiconductors, China stimulus hopes push European shares higher
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 7, 2019. REUTERS/Staff
(Reuters) - European shares churned higher on Friday, boosted by positive sentiment after China hinted on plans to spur economic growth while chipmaker stocks in the region propped up markets, helped by solid earnings news from U.S. counterparts.
But overall gains were not baked in as the London Stock Exchange (LSE.L) said on Friday it was investigating a technical glitch, which delayed the open of the UK blue-chip FTSE 100 .FTSE and FTSE midcap .FTMC indexes.
China’s state planner said it will roll out a plan to boost disposable income this year and in 2020 to encourage consumption as the economy slows.
The pan-European STOXX 600 index was 0.7% high ...