Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

European shares supported by gains in retail, oil stocks

Published 20/11/2020, 09:31
© Reuters.
UK100
-
BAMI
-
EMII
-
SXRP
-
STOXX
-
SXEP
-
SXTP
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 20 (Reuters) - European stocks edged higher on Friday as
gains in retail and oil shares offset worries about U.S.
politics and an impasse over fresh stimulus measures to support
a pandemic-stricken global economy.
The pan-European STOXX 600 index .STOXX rose 0.2% by 0815
GMT, on track for marginal weekly gains after signs of progress
on COVID-19 vaccine pushed the index to February highs earlier
this week.
Global mood remained subdued after U.S. Treasury Secretary
Steven Mnuchin said key pandemic lending programs at the Federal
Reserve would expire on Dec. 31, putting the outgoing Trump
administration at odds with the central bank. UK's FTSE 100 .FTSE found some support as retail sales
bounced in October and British health minister said there were
encouraging signs that virus cases were starting to flatten.
The retail index .SXRP rose 0.8% to lead sectoral gains,
followed by oil and gas .SXEP as well as travel and leisure
.SXTP stocks.
Italy's BPER Banca EMII.MI rose 3.1% after the top
investor in the bank threw its weight behind the idea of a
merger with rival Banco BPM BAMI.MI .

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.