European shares inch higher, Wirecard surges

MG News | June 29, 2020 at 12:42 PM GMT+05:00

0:00

June 29, 2020: European shares edged higher on Monday as investors clung to hopes of a quicker economic recovery in the continent even as coronavirus cases surged globally.

The pan-European STOXX 600 index rose 0.2% after opening in the red, lifted by automakers and travel & leisure companies.

European markets have outperformed in the recent weeks, helped by its relative success in reopening its economy and the European Union's proposed 750 billion euro ($841.73 billion) recovery fund.

However, Asian markets were on a weaker footing as the global death toll from COVID-19 reached half a million people on Sunday, according to a Reuters tally.

German scandal-hit payments company Wirecard surged 93.6% after saying it would proceed with business activities after filing for insolvency.

Austrian sensor producer AMS jumped 6.6% after Reuters reported the company is poised to get the go-ahead from the European Union for its acquisition of German lighting group Osram.

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	145,382.80 276.74M	-0.18% -264.34
ALLSHR	89,824.60 544.97M	-0.09% -81.76
KSE30	44,614.06 124.57M	-0.32% -143.97
KMI30	206,959.19 132.52M	-0.48% -1003.25
KMIALLSHR	59,977.48 292.56M	-0.38% -231.21
BKTi	39,957.52 20.70M	-0.34% -136.73
OGTi	30,661.68 43.11M	-0.07% -21.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,425.00	118,405.00 116,295.00	-740.00 -0.63%
BRENT CRUDE	66.32	67.22 65.53	-0.11 -0.17%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	63.35	64.58 62.77	-0.53 -0.83%
SUGAR #11 WORLD	16.27	16.35 16.02	0.26 1.62%