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Europe: Stocks start the week strong on virus treatment hopes

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[BENGALURU] European stocks marked their best day in nearly two weeks on Monday as signs of progress in developing a Covid-19 treatment offset fears about a resurgence in virus cases stalling an economic recovery. Read more at The Business Times.

Oil and gas was the best performing European sector, adding some 3.4 per cent as crude prices gained on weather-related disruptions to supply.British telecoms company BT Group jumped around 7 per cent after a media report that its board was preparing to defend it against takeover approaches from rivals and buyout firms.

Similarly, Germany, France and Spain have seen a surge in virus cases, with their leaders looking at tightening travel restrictions.

 

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