European equities on Monday added to a record high hit last week, as investors shrugged off concerns about central bank rate rises in response to high inflation.
The regional Stoxx 600 share index rose 0.9 per cent in morning dealings. London’s FTSE 100 gained 0.5 per cent and futures tracking Wall Street’s S&P 500 edged up 0.3 per cent.
US stock indices also hit all-time highs last week, after strong quarterly earnings from corporate bellwethers including Caterpillar and Microsoft tempered fears that surging consumer prices and coronavirus-related supply chain glitches would harm companies’ profitability.
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