News Formal

Banks boost European stocks as recovery hopes grow

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Shares of banks and automakers lifted European shares on Monday as investors continued to move into economy-linked sectors on hopes of a solid economic rebound from the coronavirus downturn.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 5, 2021. REUTERS/Staff

Automakers and insurers also gained more than 1%, while sectors considered bond-proxies like utilities and personal & household goods were a drag. “You’ve got some progress on trade with between Europe and the U.S. and that’s good for some of the companies like Rolls Royce.” Data also came in positive, with the Ifo economic institute saying the mood in the German manufacturing sector improved for the third month in a row in February.

 

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:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker