News Formal

Europe: Stocks jump on vaccine hopes, Democrats on cusp of Senate victory

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

[BENGALURU] European stocks jumped on Wednesday after a second Covid-19 vaccine won regulatory approval in the region, while bets rose for bigger US fiscal stimulus as Democrats closed in on a Senate victory. Read more at The Business Times.

Oil majors BP, Royal Dutch Shell and Total rose almost 6.5 per cent as crude prices hit their highest since February 2020 following Saudi Arabia's pledge to cut output in a meeting with allied producers.

Construction & material stocks such as CRH and HeidelbergCement also outperformed on hopes of more infrastructure spending under a Democrat-controlled Senate. Meanwhile, IHS Markit's survey showed economic activity in the euro zone contracted more sharply than thought at the end of 2020 and could get worse as renewed lockdowns hit the bloc's dominant service industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: Frankfurt stocks open at record high as Europe rises[LONDON] European stock markets extended the week's strong rally Friday, with Frankfurt opening at a record high. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks sink at open in global sell-off[LONDON] European stock markets sank at the open on Thursday, extending the previous day's heavy losses as a global sell-off gathered speed. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks post worst week since October on vaccine woes[BENGALURU] European stocks slid on Friday, recording their worst weekly performance since October as concerns around the slow rollout of Covid-19 vaccines mount, while a retail trading frenzy led to volatility on Wall Street. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks rebound in early deals[LONDON] European stock markets rebounded early Monday from recent heavy losses, with London's benchmark FTSE 100 index up 0.7 per cent at 6,452.24 points. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks rally at open[LONDON] European stock markets rallied at the open on Wednesday, building on the previous session's strong gains driven by progress over a US stimulus deal and on tackling the coronavirus pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »