European stocks stall as virus cases rebound | Malay Mail

Covid-19 has battered various sectors, the travel industry in particular. — AFP pic

BP’s share price jumped 2.7 per cent to 313 pence after the British energy major, hit hard by the coronavirus pandemic slashing demand for oil, unveiled the sale of its petrochemical business to privately-owned rival Ineos for US$5.0 billion . “Nevertheless, while the US experience does provide a warning sign of what could be around the corner, investors seem happy to jump aboard travel stocks such as TUI and EasyJet ahead of a surge in European travel for the month ahead.

There has also been a sharp pick-up in Texas and Florida, two of the most populous American states and home to a combined 50 million people.Elsewhere, China has imposed a strict lockdown on nearly half a million people in a province surrounding Beijing to contain a fresh cluster, with a city official calling the situation “severe and complicated”.

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