News Formal

Europe: Rebound in factory output lifts stocks after selloff last week

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

[BENGALURU] European stocks started November trading on a strong footing as a rebound in factory activity around the world outweighed worries over a resurgence in Covid-19 cases that is driving major economies in the continent back into a lockdown. Read more at The Business Times.

"This is due to possibly reduced trade uncertainty, stronger ties with the US and greater stimulus lifting the reflation trade."

The indexes were back online an hour after the open, with the Stoxx 600 rebounding 1.6 per cent from a five-month low hit last week. Europe's main regional indexes tumbled to multi-month lows last week after Germany and France imposed nationwide lockdowns and several other countries tightened coronavirus restrictions to limit the spread of the virus.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: London stocks down after second coronavirus lockdown[LONDON] Europe's major stock markets were hesitant in opening deals on Monday after Britain became the region's latest nation to announce a second coronavirus lockdown just ahead of the US election. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: London stocks down after second coronavirus lockdown[LONDON] Europe's major stock markets were hesitant in opening deals on Monday after Britain became the region's latest nation to announce a second coronavirus lockdown just ahead of the US election. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »