News Formal

Europe: Oil stocks, banks drive gains; EU stimulus decision awaited

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

[BENGALURU] A rally in energy and bank shares lifted European stock markets on Thursday, while investors counted on more stimulus to revive the bloc's economy as the coronavirus-induced lockdowns brought activity to a halt in April. Read more at The Business Times.

Credit Suisse's shares rose 2.3 per cent and most other regional banks rallied, taking the bank's index 3 per cent higher.

"What the market is failing to appreciate is the size of the macroeconomic shock," said TS Lombard's Cicione. A decision from a meeting of European Union leaders regarding jointly financing a recovery is expected later on Thursday. Washington, meanwhile, is preparing to approve another $500 billion to support small businesses and hospitals.

Consumer goods giant Unilever tumbled as much as 5.5 per cent to its lowest in three weeks after pulling its 2020 profit forecast, saying it could not"reliably assess the impact" of the pandemic on its business.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 15. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Bankruptcy looms over US energy industry, from oil fields to pipelinesU.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »