Reuters

Tech reboot lifts shares, dollar takes a breather

LONDON (Reuters) -A tech shares bounce carried European equities higher on Thursday, following similar gains on Wall Street and Asia and helped also by a small pullback in the dollar from a 17-month high. With U.S. markets closed for Thanksgiving, focus was trained on Europe where a surge in COVID-19 cases is raising the prospect of lockdowns going into the Christmas shopping season. “We continue to treat every sell-off as the buy-the-dip opportunity,” said Marija Veitmane, global markets strategist at State Street Global Markets, adding that firms’ earnings were still robust and that borrowing costs were still very low.

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