European equities extend gains at open

MG News | May 28, 2020 at 12:54 PM GMT+05:00

0:00

May 28, 2020: European stock markets opened higher Thursday, gaining more traction from a huge EU coronavirus recovery package and growing optimism over reopening economies.

In initial deals, London's FTSE 100 index marched 0.4 percent higher to 6,171.31 points, compared with Wednesday's closing level.

In the eurozone, the Paris CAC 40 index rose 0.5 percent to 4,711.65 points and in Frankfurt the DAX also added 0.5 percent to 11,716.27 points.

The region's bourses had already vaulted higher on Wednesday after EU leaders unveiled a vast 750-billion-euro ($825-billion) proposal to the European Parliament and member states.

If passed, the deal -- which aims to help the worst-affected countries with a mix of grants and loans -- would be the biggest EU stimulus package ever.

AFP/APP

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ALLSHR	98,789.32 1,004.87M	-0.60% -591.65
KSE30	49,418.59 142.52M	-0.85% -423.92
KMI30	235,592.79 87.24M	-1.05% -2511.37
KMIALLSHR	64,955.16 475.31M	-0.97% -635.78
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,345.00	114,720.00 114,200.00	-725.00 -0.63%
BRENT CRUDE	65.75	66.64 65.06	-0.19 -0.29%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.50	92.50 92.50	0.35 0.38%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.42	61.50 61.42	0.11 0.18%
SUGAR #11 WORLD	14.47	15.04 14.34	-0.50 -3.34%