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European shares edge higher, Air France jumps on aid deal

Published 26/06/2020, 08:38
© Reuters.
AIRF
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STOXX
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OSRn
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AMS
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SX8P
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SX4P
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
June 26 (Reuters) - European stocks opened higher on Friday,
propped up by positive company updates, although investors
remained cautious about a resurgence in U.S. COVID-19 cases and
its impact on the global economy.
The pan-European STOXX 600 index .STOXX was up 0.6% by
0720 GMT, with technology .SX8P , chemical companies .SX4P
and miners .SXPP leading sectoral gains.
Markets this week have swung between fears of a second wave
of coronavirus cases and signs of more economic support from
governments and central banks. The STOXX 600 is still on course
to post a 1% weekly loss.
Air France-KLM AIRF.PA jumped 5% after governments of
France and Netherlands reached a deal on an aid package for the
airline group, with the latter saying it would provide a 3.4
billion euro ($3.81 billion) financing package. AMS AMS.S rose 5.7% after the Austria-based semiconductor
company rejected media allegations of market manipulation during
its takeover of Osram OSRn.DE .

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