Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

European shares extend rally on vaccine cheer

Published 11/11/2020, 04:15 PM
Updated 11/11/2020, 04:20 PM
© Reuters.
CONG
-
STOXX
-
SX8P
-
SX7P
-
SXTP
-
ABNd
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 11 (Reuters) - European shares rose for a third straight
session on Wednesday as optimism around a COVID-19 vaccine
overshadowed concerns about the economic damage from a second
wave of coronavirus infections across the continent.
The pan-European STOXX 600 .STOXX gained 0.4%, building on
a 5% rally this week, as investors bought into banks .SX7P and
travel-related stocks .SXTP , both sectors that have widely
underperformed this year.
Technology stocks .SX8P , which have tracked a surge in
their U.S. counterparts since the coronavirus-driven crash in
March, fell 0.5%.
Dutch bank ABN Amro ABNd.AS dropped 3.4% even after it
beat analysts' expectations, while German auto supplier
Continental CONG.DE slid 1.6% as it warned of further
restructuring expenses in the fourth quarter.

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.