European stock markets extend gains

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By MG News | March 31, 2020 at 01:26 PM GMT+05:00

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March 31, 2020: European stock markets rose in early deals Tuesday, extending gains won in the previous session, as traders weighed up global stimulus efforts to tackle the economic fallout from the coronavirus.

                  London jumped 2.4 percent, Frankfurt climbed 2.3 percent, Paris advanced 1.6 percent, Milan gained 1.9 percent and Madrid was up 1.8 percent.

                  A sharp rebound in oil prices and data showing a surprise increase in Chinese factory orders also helped sentiment.

                  "China provided Western investors with a light at the end of the tunnel," said Connor Campbell, an analyst at Spreadex trading group.

                  China is slowly returning to a semblance of normal life after months of tough restrictions which locked up millions of people at home and brought economic activity to a near standstill.

                  "Chinese factory data overnight gave a flicker of hope that the world's second-largest economy is firing back up, despite large parts of the world grinding to a halt," said City Index analyst Fiona Cincotta.

AFP/APP

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280.01M
0.26%
342.63
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897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
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22.59M
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443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,275.00 110,525.00
110,055.00
-140.00
-0.13%
BRENT CRUDE 68.70 68.89
68.68
-0.10
-0.15%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.99 67.18
66.95
-0.01
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SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

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