European Equities Post Biggest Quarterly Advance in Five Years
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European shares edged higher on the final day of their best quarter since March 2015, as investors continued to weigh the region’s economic recovery against the risk of rising virus infections.
The Stoxx Europe 600 Index added 0.1% at the close, after fluctuating between gains and losses as the World Health Organization warned that the worst of the coronavirus pandemic is still to come. Tech shares and miners outperformed, while Royal Dutch Shell Plc dragged energy shares lower after warning of a record writedown. The benchmark is up 13% for the quarter, boosted by a strong rotation into cyclicals since mid-May.