0859 GMT - European stocks climb in early trade, with Germany's DAX and the U.K.'s FTSE 100 rising to record highs amid investor hopes on trade tariffs and earnings updates. The German blue-chip index leads the way, up 1% after closing at record levels for five trading days in a row, boosted by sportswear company Adidas which reported positive preliminary 2024 results. The FTSE 100 is up 0.3%, having logged record closing highs in the past three sessions, with Intermediate Capital Group as the top riser after a quarterly update. The Stoxx Europe 600 climbs 0.6% and could close at a new record if gains are maintained until the end of the session. "Investors are batting away concerns about the impact of President Trump's policies on the global economy," Hargreaves Lansdown's Susannah Streeter says. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 03:59 ET (08:59 GMT)
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