News Formal

Europe: Stocks boosted by vaccine hopes, EU rescue fund optimism

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

[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.

Euro zone markets have rallied since an initial Franco-German proposal was announced in mid-May, but the plan has met with resistance from the"frugal" states led by the Netherlands over the size of grants doled out to the worst-affected states.

"It signals a will power get something through, rather than resorting to another summit over the next couple of weeks." Chris Bailey, a European strategist at Rayond James said,"People - especially non-European investors - have been disappointed so much by Europe that they need confirmation."In individual stock moves, Swiss wealth manager Julius Baer Gruppe AG declined 3 per cent as it reported a 6 per cent drop in assets under management from end-2019 in the six months through June.

 

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »