Europe: Rebound in factory output lifts stocks after selloff last week

📆 02/11/2020 23:08:00
📰 BusinessTimes

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[BENGALURU] European stocks started November trading on a strong footing as a rebound in factory activity around the world outweighed worries over a resurgence in Covid-19 cases that is driving major economies in the continent back into a lockdown. Read more at The Business Times.

"This is due to possibly reduced trade uncertainty, stronger ties with the US and greater stimulus lifting the reflation trade."

The indexes were back online an hour after the open, with the Stoxx 600 rebounding 1.6 per cent from a five-month low hit last week. Europe's main regional indexes tumbled to multi-month lows last week after Germany and France imposed nationwide lockdowns and several other countries tightened coronavirus restrictions to limit the spread of the virus.

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