Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

European shares rise on possible easing of COVID-19 curbs, vaccine progress

Published 11/24/2020, 04:21 PM
Updated 11/24/2020, 04:30 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 24 (Reuters) - European shares gained on Tuesday as a
possible easing of lockdowns in France added to a brighter mood
from encouraging developments related to coronavirus vaccines.
The pan-European STOXX 600 index .STOXX was up 0.8% at
0805 GMT, supported by gains in travel stocks .SXTP and the
oil and gas sector .SXEP after global crude prices hit their
highest levels since March.
France reported its lowest daily tally of COVID-19
infections since Sept. 28 on Monday, with investors now focused
on a speech by President Emmanuel Macron later in the day when
he may announce a relaxation of lockdown rules. The country's benchmark CAC 40 .FCHI was up 0.9% in early
trade.
Germany's DAX .GDAXI rose 0.9%, with exchange operator
Deutsche Boerse DB1Gn.DE revealing that the blue-chip index
will expand to 40 from the current 30 companies with tougher
membership criteria. Data showed Germany, Europe's largest economy, grew by a
record 8.5% in the third quarter, but the outlook remains
clouded by a second wave of virus infections and a partial
lockdown to slow the spread of the disease. In company news, Phoenix Group Holdings PHNX.L fell 0.1%
as the London-based insurer said it was assessing a range of
strategic options for its European businesses.

Latest comments

Install Our App
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.