European stocks briefly traded at a level Wednesday that would represent a record high but couldn’t hold the gains heading into the U.S. trading session.
The Stoxx Europe 600
SXXP,
traded as high as 490.10, above the Nov. 17 peak of 489.95, before meandering lower. Retail
SXRP,
was the strongest sector, while automakers
SXAP,
struggled.
The U.K. FTSE 100
UKX,
advanced 0.8% after a four-day break, while the German DAX
DAX,
and French CAC 40
PX1,
declined. This year, the CAC 40 has gained 29%, outperforming the 15% to 16% gains for the FTSE and DAX.
Autostore Holdings
AUTO,
surged 16% in Oslo, continuing its recovery since the mid-month patent trial loss in the U.S. to Ocado
OCDO,
Marine service provider James Fisher & Sons
FSJ,
jumped 21% after saying it’s received all outstanding funds from a suspended LNG project in Mozambique.
