Shares rose to near record highs on Thursday, underpinned by a better outlook from Europe’s leading carmaker Volkswagen and increasing confidence in economic recovery in Germany and more widely.
The STOXX (.STOXX) index of 600 European companies was up 0.2% at 442.50 points, just below its record high of 443.61. The MSCI’s broadest gauge of world stocks, ACWI (.MIWD00000PUS), was up 0.18% at 700.98 points, about 10 points short of its record high set last month.
“I have seen nothing in this week’s price action to change my view that ultimately the economic prospects in the short to medium…
