European shares supported by gains in retail, oil stocks

MG News | November 20, 2020 at 02:42 PM GMT+05:00

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November 20, 2020: European stocks edged higher on Friday as gains in retail and oil shares offset worries about U.S. politics and an impasse over fresh stimulus measures to support a pandemic-stricken global economy.

The pan-European STOXX 600 index rose 0.2% by 0815 GMT, on track for marginal weekly gains after signs of progress on COVID-19 vaccine pushed the index to February highs earlier this week.

Global mood remained subdued after U.S. Treasury Secretary Steven Mnuchin said key pandemic lending programs at the Federal Reserve would expire on Dec. 31, putting the outgoing Trump administration at odds with the central bank.

UK's FTSE 100 found some support as retail sales bounced in October and British health minister said there were encouraging signs that virus cases were starting to flatten.

The retail index rose 0.8% to lead sectoral gains, followed by oil and gas as well as travel and leisure stocks.

Italy's BPER Banca rose 3.1% after the top investor in the bank threw its weight behind the idea of a merger with rival Banco BPM.

Reuters

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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%