Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

European stocks on longest weekly winning streak in a year

Published 09/04/2021, 08:20
Updated 09/04/2021, 08:24
© Reuters.
UK100
-
DE40
-
EZJ
-
AIR
-
FTMC
-
ICAG
-
TUIT
-
STOXX
-
WIZZ
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 9 (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 .STOXX inched down 0.1%
after hitting an all-time high at the open, while UK's blue-chip
FTSE 100 .FTSE and Germany's DAX .GDAXI slipped about 0.1%
and 0.2%, respectively.
London equities have outperformed this week, with the
domestically focussed FTSE mid-cap index .FTMC hitting a
record high as Britain gradually emerges from a strict winter
lockdown.
Airline stocks including British Airways-owner IAG ICAG.L ,
easyJet EZJ.L and Wizz Air WIZZ.L 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 TUIT.L 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 AIR.PA rose 2% after the French planemaker reported
slightly higher deliveries in the first quarter.

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.