European shares jump again on stimulus bump

News Image

MG News | March 25, 2020 at 01:33 PM GMT+05:00

March 25, 2020: European shares rose on Wednesday following a strong rally in the previous session, as investors bet on unprecedented stimulus measures to ease the economic pain on businesses and households from the coronavirus pandemic.

The pan-European STOXX 600 index was up 2.1% at 0804 GMT, with energy, industrials, financials and miners leading gains for a second straight day.

The benchmark index has now recovered its losses from mid-March on the back of extraordinary fiscal and monetary stimulus from Europe and the United States. On Wednesday, U.S. officials agreed on a whopping $2 trillion stimulus package.

Still, the European bourse is down more than 25% from its record high last month in the biggest rout since the financial crisis, with another global recession looming in the face of a collapse in business activity in March.

German conglomerate Thyssenkrupp rose 12.6% after saying it would cut 3,000 jobs at its steel unit by 2026, with no forced layoffs until March 31, 2026, as part of a wage deal struck with powerful labour union IG Metall.

 Reuters

Related News

Name Price/Vol %Chg/NChg
KSE100 181,615.14
103.53M
0.61%
1104.12
ALLSHR 109,224.59
267.75M
0.62%
668.72
KSE30 54,182.02
63.43M
0.63%
340.76
KMI30 259,331.98
60.89M
0.77%
1981.87
KMIALLSHR 70,846.77
154.92M
0.61%
432.60
BKTi 49,666.02
14.33M
0.42%
209.42
OGTi 37,121.02
5.51M
0.53%
194.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,935.00 66,160.00
64,825.00
-765.00
-1.16%
BRENT CRUDE 79.10 79.57
77.75
0.14
0.18%
RICHARDS BAY COAL MONTHLY 123.00 0.00
0.00
7.50
6.49%
ROTTERDAM COAL MONTHLY 125.50 0.00
0.00
-0.40
-0.32%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 75.37 76.06
74.09
0.10
0.13%
SUGAR #11 WORLD 14.24 14.33
14.22
-0.07
-0.49%

Chart of the Day


Latest News
June 18, 2026 at 10:37 AM GMT+05:00

BankIslami signs Shariah screening deal


June 18, 2026 at 10:35 AM GMT+05:00

Select Technologies IPO opens, book building June 22-23


June 18, 2026 at 10:28 AM GMT+05:00

VIS reaffirms SITC ratings at A+/A2


June 18, 2026 at 10:21 AM GMT+05:00

Pakistan secures over $1bn external financing in May 2026



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg