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European stocks end higher, Stoxx Europe 600 stands at 346.28pts

European stocks end higher, Stoxx Europe 600 stands at 346.28pts

LONDON:European stocks closed unaffected at a two-month high, with German equities relocating their greatest winning streak since May 2013.
The Stoxx Europe 600 Index stood at 346.28 at the close of trading, after earlier rising as much as 0.4 percent. Utility companies were among the biggest gainers, with RWE AG and EON SE helping push Germany’s DAX Index (DAX) up 0.6 percent. The European gauge has rebounded 12 percent from this year’s low in October amid additional stimulus measures from central banks in China, Japan and Europe.
“There is still a lot of money around which could be invested back into equities,” said Benno Galliker, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland. “As long as central banks are pushing stocks, there is really a big support beneath this move.”