🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

European shares rise 2% on stimulus hopes

Published 03/03/2020, 04:29 PM
Updated 03/03/2020, 04:32 PM
European shares rise 2% on stimulus hopes
QIA
-
STOXX
-
SXFP
-
SXIP
-
SXTP
-
HFGG
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
March 3 (Reuters) - European shares rose on Tuesday, as
investors hoped major central banks and governments were inching
toward steps to counter the economic blow from the coronavirus
outbreak.
G7 central bank governors and finance ministers will hold a
conference call at 1200GMT to discuss measures to deal with the
outbreak, although a source at the group said it would not
detail any immediate fiscal or monetary steps to boost growth.
The pan-European STOXX 600 .STOXX rose 2% by 0814 GMT,
following a 5% jump for Wall Street indexes overnight.
All sub-sectors were up, with the battered travel & leisure
index .SXTP , financial services .SXFP and insurers .SXIP
leading the gains.
Among individual movers, German meal-kit delivery firm
HelloFresh HFGG.DE jumped 5.4% after forecasting growth in
2020 revenue and core profit.
Qiagen NV QIA.DE soared 20% to the top of STOXX 600 after
U.S. firm Thermo Fisher Scientific TMO.N launched a 10.4
billion euro ($11.6 billion) bid for the German genetic testing
company.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.