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Europe: Stocks rise on vaccine hopes, EU stimulus deal

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[LONDON] Europe's stock markets advanced at the open on Tuesday on coronavirus vaccine hopes and after EU leaders finally clinched a landmark 750-billion-euro (S$1.19 trillion) stimulus deal. Read more at The Business Times.

[LONDON] Europe's stock markets advanced at the open on Tuesday on coronavirus vaccine hopes and after EU leaders finally clinched a landmark 750-billion-euro stimulus deal.

London's benchmark FTSE 100 index won 0.6 per cent to 6,296.10 points compared with the closing level from Monday. In the eurozone, the Paris CAC 40 index jumped 1.1 per cent to 5,146.48 points and Frankfurt's DAX 30 added 1.5 per cent to 13,237.82. "A combination of vaccine optimism and fiscal stimulus is boosting the mood in the market on Tuesday," said City Index analyst Fiona Cincotta.

"Encouraging results from Oxford's vaccine candidate, in addition to EU leaders agreeing to a 750-billion-euro recovery fund, is overshadowing rising tension between the UK and China - and soaring Covid-19 numbers in California."For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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Europe: Stocks boosted by vaccine hopes, EU rescue fund optimism[BENGALURU] European shares turned higher on Monday, helped by encouraging data from an array of coronavirus vaccine candidates and after EU leaders sketched a framework agreement on a recovery fund to stimulate the pandemic-stricken euro zone economies. Read more at The Business Times.
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Europe: Stocks start week in red[LONDON] Europe's stock markets opened lower Monday as EU leaders struggled to unite over the terms of a vast 750-billion-euro (S$1.19 trillion) post-coronavirus economic rescue plan. Read more at The Business Times.
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Seoul: Stocks slide on uncertainty over EU, US stimulus[SEOUL] South Korean shares slipped on Monday as deadlocked talks in Europe over a recovery package to help economies cope with the Covid-19 fallout dented investor sentiment. Read more at The Business Times.
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