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(Sharecast News) - European shares made a strong start on Wednesday as gains continued from the previous two sessions, with Adidas shares in focus after upbeat fourth-quarter results, sending Germany's DAX index to a record high.
The pan-regional Stoxx 600 rose 0.57% to 528.96 points. Britain's FTSE 100 also hit a fresh intra-day record as investors shrugged aside concerns that new US President Donald Trump would hit Europe with new tariffs.
In economic news, Britain's government borrowed 17.8bn in December, up 10.1bn from a year earlier and more than the 14bn forecast by economists.
Adidas jumped 6% on strong holiday period sales and profit. The news helped rival Puma to gain 2.5%. Germany's DAX index outperformed the regional benchmark, rising 1% and hitting a new record of 21,271 before settling back to 21,249.
EasyJet fell despite narrowing losses, while chocolate maker and cocoa processor Barry Callebaut also slumped after reporting lower-than-expected sales volume for the first quarter due to delayed orders as clients renegotiate product prices as cocoa costs hit record highs.
Reporting by Frank Prenesti for Sharecast.com
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