FRANKFURT, Oct 13 ― European shares hit a five-week high yesterday as optimism about a stable economic recovery in China and hopes of more US fiscal stimulus helped offset concerns around surging Covid-19 cases across the continent. The pan-European STOXX 600 marked a third straight day of gains...
Tuesday, 13 Oct 2020 08:39 AM MYT
The pan-European STOXX 600 marked a third straight day of gains to end 0.7 per cent higher, led by utilities, technology and autos stocks. But a jump in domestic coronavirus cases has raised the spectre of fresh lockdowns and cast a shadow over a nascent economic rebound. “Investors are walking on thin ice,” Cutkovic said. “Further lockdowns would jeopardise the already fragile economic recovery and have lasting effects on consumer confidence.”
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