(Reuters) - European shares advanced at the open on Monday, with technology stocks leading gains following an upbeat close on Wall Street and ...
- European shares advanced at the open on Monday, with technology stocks leading gains following an upbeat close on Wall Street and China-exposed automakers rising after Beijing announced measures to aid its ailing stock market.Technology stocks advanced 1.5%, their first climb in three sessions, tracking an overnight rally on Wall Street. [.N]
China's finance ministry said on Sunday it was reducing the 0.1% duty on stock trades"in order to invigorate the capital market and boost investor confidence."China-exposed luxury heavyweights LVMH, Kering and Hermes added more than 1% each. Meanwhile, interest rate expectations in the euro zone remained tepid following the European Central Bank President Christine Lagarde's speech late on Friday at the Jackson Hole symposium.
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