European stocks advanced slightly on Wednesday morning, pausing after a strong session stateside that saw the S&P 500 hit a fresh record high.
The pan-European Stoxx 600 edged 0.2% higher, having fluctuated at the start of trading. Oil and gas stocks shed 0.2% while telecoms gained 0.6%.
Market participants in Europe tentatively followed the positive sentiment on Wall Street, where the S&P 500 and Nasdaq Composite set records. The S&P 500 rose to an all-time high Tuesday, wiping out all its losses from the market sell-off caused by the coronavirus pandemic. It confirms the start of a new bull market.
The broader market index climbed 0.2% to 3,389.78, a record close. The Nasdaq…