European shares near 9-month high as new year rally continues

European shares hit a near nine-month high on Monday, albeit in light trading due to a U.S. holiday, with real estate and retail stocks helping offset losses in commodity-linked sectors.

closed up 0.5% at 454.6 - its highest level since April 2022 - as global equities continued to build on a new year rally spurred by hopes of a rebound in China's economy and an easing of prices pressures in the United States and Europe.

The STOXX 600 index has gained 6.6% since the start of the year, as warmer weather added to hopes of an easing in the European energy crisis brought on by the Russia-Ukraine war.Germany's DAX

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