European stocks rebound from 1-week low led by travel shares

2021-07-01 12:57:08 GMT (Economies.com)
European stocks rebound from 1-week low led by travel shares

European stocks rose on Thursday, rebounding from the 1-week low of yesterday, thanks to improved market sentiment following record gains in Wall Street, with the travel sector leading gains as fears over the spread of the Covid-19 delta strain receded in Europe.

 

The Stoxx Europe 600 index rose 0.5% as of 11:22 GMT, after closing lower by 0.8% yesterday and hit a 1-week low of 451.23 points.

 

The travel and leisure sector saw the largest gains in Europe today, with a jump of more than 2%, thanks to the recovery in most of the sector's companies' shares after concerns over the spread of the new delta strain receded in Europe.

 

S&P 500 futures rose 0.2% today ahead of Wall Street's opening, after the index ended higher by 0.1% yesterday and posted a new record at 4,302.43 points.

 

Back to Europe, the Euro Stoxx 50 index rose 0.6%, France's CAC 40 rose 0.5%, Germany's DAX index rose 0.4%, and the UK's FTSE 100 rose more than 0.9%.

 
 
 
  Symbol Last Change Chg.%
1.1845
0.0057
0.4827%
1.3904
0.0107
0.7763%
Tadawul
10933.73
22.68
0.21%
25.040
-0.172
0.680%
72.336
0.695
0.970%
74.74
0.31
0.42%
1808.970
6.835
0.379%
 
 
US
 
Europe
 
Asia