Reuters

European stocks on longest weekly winning streak in a year

Reuters logo Reuters 9/04/2021 09:23:36
The German share price index DAX graph is pictured at the stock exchange in Frankfurt © Reuters/STAFFThe German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European stocks were subdued on Friday, but on course for their longest weekly winning streak in more than a year as hopes of a rapid recovery in economic growth offset doubts over the euro zone's COVID-19 vaccination programme.

The pan-European STOXX 600 index inched down 0.1% after hitting an all-time high at the open, while UK's blue-chip FTSE 100 and Germany's DAX slipped about 0.1% and 0.2%, respectively.

London equities have outperformed this week, with the domestically focussed FTSE mid-cap index hitting a record high as Britain gradually emerges from a strict winter lockdown.

Airline stocks including British Airways-owner IAG, easyJet and Wizz Air rose between 0.2% and 1.0%. Britain will confirm in early May whether it will allow international travel to resume from May 17.

Travel company TUI fell 5.7% after saying it planned to offer convertible bonds worth 350 million euros to improve its liquidity position as the pandemic disrupts travel plans.

Airbus rose 2% after the French planemaker reported slightly higher deliveries in the first quarter.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

9. huhtikuuta 2021 12:23:36 Categories: Reuters

ShareButton
ShareButton
ShareButton
  • RSS
Suomi sisu kantaa
NorpaNet Beta 1.1.0.41819 - Firebird 3.0 WI-V6.3.6.33265

TetraSys Oy.

TetraSys Oy.