SS
Sruthi Shankar
reuters.com
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Writes Most On
- European shares follow Wall Street higher on recovery hopes20 May 2020—oann.com(Reuters) – European shares swung higher on Wednesday as hopes of a rebound from a coronavirus-led economic slump charged Wall Street and technology stocks rose on both sides of the Atlantic. The pan-European STOXX 600 <.STOXX> finished 1% higher after falling as much as 0.8% at the open. The euro zone’s leading stocks index <.STOXX50E> gained 1.4%. An upbeat start for Wall Street after record gains for Facebook <FB.O> and Amazon.com Inc <AMZN.O> sent European stocks to their strongest close...
- European shares pull back as recovery hopes fade21 May 2020—oann.com(Reuters) – European shares fell on Thursday following a strong run this week after the latest business activity data revealed the damaging impact of the coronavirus crisis. The pan-European STOXX 600 <.STOXX> fell 1.0%, retreating from its strongest close in three weeks, led by declines in travel and leisure <.SXTP>, banks <.SX7P> and technology <.SX8P> stocks. Data released earlier showed the pandemic’s devastating effect on the euro zone economy abated a little in May as lockdowns imposed...
- Travel firms propel European stocks to strongest close in 11 weeks26 May 2020—oann.com(Reuters) – European shares closed at an 11-week high on Tuesday, with travel and leisure stocks soaring on hopes of a revival in tourism as countries gradually reopened after a months-long lockdown. The pan-European STOXX 600 <.STOXX> rose 1.1% to hit its highest closing level since March 9. Europe’s battered travel sector <.SXTP> jumped 6.9% following reports Spain and Germany would ease travel restrictions, while no noticeable increase in infections were reported after the easing of...
- European shares near 11-week high, UK stocks surge26 May 2020—reuters.com(Reuters) - European shares hovered near a 11-week high on Tuesday, with UK markets surging after a long weekend, as businesses worldwide gradually reopened following a months-long lockdown. The pan-European STOXX 600 rose 1.2%, trading just below its March 10 high. Returning from a bank holiday, UK's FTSE 100 .FTSE surged 1.9% as Prime Minister Boris Johnson said on Monday Britain will reopen thousands of high street shops, department stores and shopping centres next month. [.L] Aston Martin...
- Euro zone shares surge on EU recovery plan report, banks shine27 May 2020—oann.com(Reuters) – Euro zone stocks surged on Wednesday after a report the European Commission wants to mobilise a bigger-than-expected 750 billion euros for the post-coronavirus economic recovery. The euro zone stock index <.STOXXE> touched a session high, with 1.3% jump, while the pan-European STOXX 600 <.STOXX> rose 0.7%. Banking-heavy bourses of Spain <.IBEX> and Italy <.FTMIB> rallied 2.4% and 1.4% respectively after a senior EU official said the commission would propose that Italy and Spain...