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European Stocks Open Sharply Higher as Economic Recovery, Vaccine Hopes Drive Risk-on Sentiment


Monday, 6 July 2020 15:00 WIB

Stoxx 600SahamEropa


European markets bounced on Monday morning as investors focus on the prospect of economic recovery and progress on potential coronavirus drugs, shrugging off concerns about a further acceleration of the pandemic.

The pan-European Stoxx 600 added 1.6% in early trade, with banks jumping 3.2% to lead gains as all sectors and major bourses entered positive territory.

Stocks in Europe look set to follow the trend set in Asia overnight as mainland Chinese stocks rallied on bullish sentiment, with the Shanghai composite surging more than 4% to lead gains.

Source : CNBC


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