European shares hit record high on resources boost, risk appetite





European shares scaled to record-high levels on Thursday, boosted by basic resources-linked stocks and a strong risk appetite, while traders await a raft of economic data from the euro zone and the United States.


The pan-European STOXX 600 index was up 0.8% at 509.96, as of 0818 GMT.


The basic resources sub-index led sectoral gains with a 2.7% jump as prices of most metals climbed after the U.S. Federal Reserve maintained its projection of three rate cuts for this year, while gold prices soared to a record high.


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