European shares extend gains on recovery hopes
MG News | January 07, 2021 at 01:41 PM GMT+05:00
January 7, 2021: European stocks climbed for a second straight session on Thursday, driven by hopes that a bumper U.S. stimulus package and large-scale coronavirus vaccine rollouts across the continent will spur a strong economic recovery.
The pan-European STOXX 600 index rose 0.4% to hold near February 2020 highs, while London's blue-chip FTSE 100 gained 0.5% and Germany's DAX index was up 0.2%.
Growth-linked cyclical sectors such as miners, energy, and construction & materials continued their rally on the prospects of more U.S. stimulus after Democrats won control of the Senate.
Among individual stocks, Delivery Hero slipped 1.8% after the German food delivery firm said it had raised around 1.2 billion euros ($1.48 billion) by issuing new shares to fund growth.
LafargeHolcim rose 1.4% after the world's biggest cement maker said it would buy Firestone Building Products from Bridgestone Americas in a deal worth $3.4 billion.
Reuters
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 171,509.99 212.73M | 2.18% 3665.75 |
| ALLSHR | 103,155.85 407.98M | 1.94% 1965.39 |
| KSE30 | 51,444.45 111.56M | 2.26% 1136.44 |
| KMI30 | 246,305.02 91.36M | 2.18% 5263.85 |
| KMIALLSHR | 67,039.80 223.29M | 1.93% 1270.88 |
| BKTi | 47,222.19 35.51M | 2.87% 1317.02 |
| OGTi | 36,334.12 8.43M | 2.18% 776.20 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,605.00 | 77,720.00 76,105.00 | 1830.00 2.42% |
| BRENT CRUDE | 97.95 | 100.73 97.10 | -5.59 -5.40% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -8.75 -7.37% |
| ROTTERDAM COAL MONTHLY | 113.00 | 0.00 0.00 | 0.30 0.27% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.26 | 93.90 90.32 | -5.34 -5.53% |
| SUGAR #11 WORLD | 14.68 | 14.91 14.59 | -0.22 -1.48% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|