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European Shares Close 2% Higher as More Lockdown Restrictions are Lifted


Tuesday, 5 May 2020 23:10 WIB

EropaSaham EropaStoxx Europe 600


European stocks closed sharply higher on Tuesday as investors took stock of the gradual opening of economies in Europe and beyond.

The pan-European Stoxx 600 closed over 2% higher provisionally, with all sectors and major bourses in positive territory. Oil and gas shares were the best performers, up more than 6%.

European markets are paying close attention to coronavirus developments and the lifting of restrictions in many countries in the region, while keeping an eye on the data. More than 252,000 people around the world have died from Covid-19 and over 3.6 million people have been infected, according to data from Johns Hopkins University.

Source : CNBC


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