Europe: Travel rebound, Adidas support stocks despite mixed data

"We expect data to further deteriorate given the new restriction measures put in place... which will impact employment data and keep pressure on both European governments and the ECB in the coming months," wrote Olivier Konzeoue, FX Sales trader at Saxo Markets.

Travel stocks rebounded after a four-day run of losses, with Germany's Lufthansa up 1.6 per cent after news the airline was planning to make rapid Covid-19 antigen tests available to passengers in October. Osram Licht surged 14.1 per cent after Austrian sensor maker ams said it had signed a so-called domination and profit and loss transfer agreement as a key step towards closing its 4.6 billion euro takeover of the German firm.

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 extend recovery ahead of PMIs; Adidas jumps[BENGALURU] European stocks extended a rebound on Wednesday from a steep selloff earlier this week, with investors awaiting the latest business activity data to see if the economic recovery is stalling as many countries reimpose coronavirus restrictions. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tech stocks reverse rally to lead markets rout in Asia, US, EuropeASIAN stock markets tumbled on Tuesday, taking their cue from a Monday night sell-off in Europe and the United States. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks edge higher at open[LONDON] Europe's stock markets clawed back ground on Tuesday after a vicious sell-off the previous day, which was rooted in fears of a deadly second coronavirus wave. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »