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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KSE100 139,847.57
99.35M
1.04%
1435.32
ALLSHR 86,620.57
204.42M
1.07%
917.61
KSE30 42,740.23
58.32M
1.15%
485.39
KMI30 196,838.46
62.22M
1.41%
2728.87
KMIALLSHR 57,467.72
107.97M
1.33%
754.05
BKTi 38,170.55
7.23M
0.90%
339.21
OGTi 28,366.40
30.21M
3.37%
925.76
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,105.00 119,430.00
117,905.00
1485.00
1.26%
BRENT CRUDE 72.39 72.82
72.17
-0.85
-1.16%
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 70.02 70.41
69.80
0.02
0.03%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

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