European shares track Asia gains on rebound optimism

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MG News | October 12, 2020 at 12:21 PM GMT+05:00

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October 12, 2020: European shares crept higher on Monday, tracking gains in Asia that were fuelled by optimism over a rebound in China's economy, while investors remained cautious about a surge in domestic coronavirus cases.

The pan-European STOXX 600 was up 0.3% at 0702 GMT, with telecom and auto stocks leading gains.

The benchmark index ended Friday with its second consecutive week of gains on bets of more U.S. fiscal stimulus and growing expectations of a Democratic victory in the U.S. presidential election.

Still, gains on Monday were capped by a jump in new COVID-19 cases that have raised the spectre of more lockdowns. UK Prime Minister Boris Johnson is expected to announce new measures on Monday, while Italy is preparing fresh nationwide restrictions.

London's FTSE 100 was down 0.2%, while the Italian bourse added 0.2%.

Reuters

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Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,920.00 120,695.00
117,255.00
-2315.00
-1.93%
BRENT CRUDE 68.85 69.17
68.85
-0.36
-0.52%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.57 66.99
66.55
-0.41
-0.61%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

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