Banks shine as European stock market rally resumes
MG News | June 05, 2020 at 12:52 PM GMT+05:00
June 5, 2020: European shares resumed their rally on Friday as a bumper stimulus from the European Central Bank fuelled hopes of a faster economic recovery, putting the main benchmarks on course for their best week in two months.
The pan-European STOXX 600 gained 1.2% by 0722 GMT, led by a 3% jump in bank stocks. Insurers, automakers and travel stocks also rose more than 2%.
Global equity markets have climbed strongly this week, with Wall Street indexes nearing record levels as investors focussed on re-opening of economies.
The STOXX 600 is about 15% below all-time highs but has recovered more than 37% from March lows as fresh stimulus plans for Europe spurred a move into economically sensitive cyclical sectors.
British Airways owner-IAG and EasyJet jumped nearly 9%, topping gains on the STOXX 600.
Reuters
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 173,712.44 174.02M | 0.76% 1311.71 |
| ALLSHR | 104,081.09 351.36M | 0.58% 597.13 |
| KSE30 | 53,170.93 72.58M | 0.83% 436.87 |
| KMI30 | 247,993.72 86.84M | 0.99% 2428.39 |
| KMIALLSHR | 67,709.03 157.82M | 0.71% 475.33 |
| BKTi | 47,974.43 20.66M | 0.16% 76.33 |
| OGTi | 34,218.16 6.34M | 1.12% 379.66 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 90,745.00 | 90,990.00 87,975.00 | 2785.00 3.17% |
| BRENT CRUDE | 61.36 | 61.45 60.87 | 0.72 1.19% |
| RICHARDS BAY COAL MONTHLY | 87.50 | 0.00 0.00 | 1.05 1.21% |
| ROTTERDAM COAL MONTHLY | 94.50 | 0.00 0.00 | -0.70 -0.74% |
| USD RBD PALM OLEIN | 1,027.50 | 1,027.50 1,027.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 57.40 | 57.52 56.91 | 0.66 1.16% |
| SUGAR #11 WORLD | 15.17 | 15.28 15.08 | -0.12 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|