🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

European shares rise with recovery fund talks in focus

Published 06/19/2020, 03:20 PM
Updated 06/19/2020, 03:30 PM
© Reuters.
DE40
-
LHAG
-
STOXX
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
June 19 (Reuters) - European shares opened higher on Friday,
ahead of the European Council's meeting to negotiate the EU
recovery fund, with Germany's Lufthansa gaining on signs of
movement in its stalled government bailout.
The pan-European STOXX 600 .STOXX , which like other global
markets has struggled in the face of new bouts of coronavirus
infections in the China and a number of other economies, rose
0.5% at 0705 GMT, with Frankfurt shares .GDAXI leading gains.
The European Council will have its first meeting to discuss
a commission's proposal to raise 750 billion euros worth of debt
to top up spending from joint coffers to be worth 1.1 trillion
euros in 2021-27.
COVID-19 cases continued to rise as around 400 workers at a
slaughterhouse in northern Germany tested positive for the virus
on Thursday, while cases rose in several U.S. states and
Beijing.
Among stocks, Lufthansa LHAG.DE rose 3.5% after its
biggest shareholder, German billionaire Heinz Hermann Thiele,
reached out to Berlin politicians for talks, newspaper
Handelsblatt reported, the latest step in a standoff over the
airline's 9 billion euro ($10.1 billion) bailout.

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.