Selloff or Market Correction? Either Way, Here's What to Do Next!See Overvalued Stocks

European shares rise on virus curb relaxation, vaccine cheer

Published 25/11/2020, 09:20
European shares rise on virus curb relaxation, vaccine cheer
UK100
-
FCHI
-
STOXX
-
SXEP
-
SX7P
-
VMUK
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 25 (Reuters) - European shares held steady near
nine-month highs on Wednesday as a relaxation of coronavirus
restrictions in the region and growing hopes that a vaccine
would soon be ready kept sentiment afloat.
The pan-European STOXX 600 index .STOXX edged up 0.3%,
with banking stocks .SX7P rising 1.6% after a report suggested
that the European Central Bank could signal a lift on a ban on
bank dividends next year. Energy stocks .SXEP continued to surge as crude prices
extended a rally on hopes of a quick recovery in fuel demand.
Germany and the four nations of the United Kingdom unveiled
plans to allow gatherings with limitations for Christmas, while
France will start easing its lockdown this weekend after a sharp
drop in new infections and hospitalizations. London's blue-chip FTSE 100 index .FTSE rose 0.4%, while
France's benchmark CAC 40 index .FCHI climbed 0.4% in early
trade.
In company news, Virgin Money UK VMUK.L dropped 4.8% after
the lender reported a slump in annual profit as it took a 501
million pound ($669.54 million) impairment charge against an
expected surge in bad loans. = 0.7483 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.