FRANKFURT, June 10 ― European stocks remained near record highs yesterday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a US inflation reading later this week.
The wider travel and leisure index rose 0.9 per cent as many European economies charted their way out of Covid-19 lockdowns. Among other main regional bourses, Germany's DAX fell 0.4 per cent and France's CAC 40 rose 0.2 per cent. Despite an economic recovery underway and price pressures rising, the ECB is likely to say that it will maintain the current pace of bond purchases at its policy meeting today.
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