European shares rise in thin trading, Bayer jumps

Published 25/05/2020, 08:38
© Reuters.
DE40
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BAYGN
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
May 25 (Reuters) - European shares rose in thin trading on
Monday, as optimism over reopening of countries and signs of
more stimulus for the battered euro zone economy helped
sentiment.
The euro zone stock index .STOXXE rose 0.8% in early
deals, with the pan-European STOXX 600 .STOXX up 0.6% and
Germany's DAX .GDAXI up 0.9%.
Trading volumes were lower across the board with the U.S.,
UK and some countries in Asia closed for holidays.
Germany's Bayer AG BAYGn.DE jumped 4.3% after saying it
had made progress in seeking a settlement over claims its
Roundup weedkiller causes cancer. Lagardere Capital & Management LAGA.PA jumped 7.5% after
Bernard Arnault, the billionaire behind luxury fashion group
LVMH LVMH.PA , agreed to buy a stake in the
company. Focus will turn to Germany's May IFO business survey, which
is expected to rebound from a record-low base.

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