👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

European stocks jump as carmakers, HelloFresh rally

Published 08/11/2020, 03:23 PM
Updated 08/11/2020, 03:30 PM
© Reuters.
UK100
-
STOXX
-
SXEP
-
SXAP
-
SXPP
-
SXTP
-
HFGG
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Aug 11 (Reuters) - European stocks rose for a third straight
session on Tuesday as automakers gained on strong China sales
data, with hopes of a steady economic recovery from the
coronavirus crisis boosting global sentiment.
The pan-European STOXX 600 index .STOXX rose 1.2% by 0716
GMT, led again by a rally in growth-sensitive cyclical sectors
like travel and leisure .SXTP , miners .SXPP and energy firms
.SXEP .
Automakers .SXAP rose 2.8% after data showed China's auto
sales in July climbed 16.4% from a year earlier, the fourth
consecutive month of gains as the world's biggest vehicle market
comes off lows hit during coronavirus lockdown. German meal-kit delivery firm HelloFresh HFGG.DE , whose
shares have more than doubled in value this year, rose 5.6%
after it raised its full-year guidance. Investors globally took heart from signs that another round
of U.S.-China sparring appears not to have spilled over into
trade, with hopes of additional U.S. fiscal stimulus boosting
the sentiment. MKTS/GLOB
UK's FTSE 100 .FTSE climbed 1.3% even as data showed the
number of people in work in Britain fell by 220,000 in the three
months to June, the most since 2009.

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.