European stocks close higher as policy stimulus hopes grow; Greene King up 51%
Monday, 19 August 2019 23:21 WIB | MARKET UPDATE |Stoxx 600Saham Eropa

European stocks rose on Monday as hopes emerged for stimulus from central banks and fiscal measures from major economies such as China and Germany.

The pan-European Stoxx 600 closed up more than 1% to 373.86, with basic resources surging over 2%. All sectors and most major bourses were in positive territory.

German Finance Minister Olaf Scholz said on Sunday that Germany has the fiscal strength to mitigate any future economic crisis with œfull force and suggested that Berlin could free up around 50 billion euros ($55 billion) of extra spending.

Source: CNBC

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