- Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers
European stocks edged higher on Monday on China's pledge to boost growth.
The Stoxx Europe 600 Index increased 0.54 per cent to 240.17. Germany's DAX Index rose 0.95 per cent and France's CAC 40 Index gained 0.64 per cent. The U.K.'s FTSE 100 Index added 0.70 per cent to 5,304.48.
"Inevitably there is going to be an element of bargain hunting as investors look to top up their holdings on the basis of slightly lower prices," said Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers in London.
"Politically, if not financially, the markets are kind of back to square one. If you take a more bottom-up approach, the picture is brighter."
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