European shares extend gains on stimulus boost

  • Reuters
  • Stock Market News
European shares extend gains on stimulus boost
Credit: © Reuters.

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

May 28 (Reuters) - European shares rose for the fourth straight session on Thursday, as optimism over businesses returning to work and a massive stimulus plan for the European Union outweighed concerns over rising U.S.-China tensions.

The pan-European STOXX 600 .STOXX rose 0.6% by 0718 GMT, with travel & leisure .SXTP , telecoms .SXKP and automakers .SXAP leading the gains.

The benchmark index has climbed more than 30% from March lows as investors pinned hopes on a gradual recovery with policymakers injecting trillions of dollars in the global economy and drugmakers racing to develop a coronavirus vaccine.

French aerospace companies Airbus AIR.PA and Safran SAF.PA rose 0.5% and 2.2%, respectively, after Boeing (NYSE: BA ) Co BA.N said it had resumed production of its 737 MAX passenger jet at its Washington plant. airline SAS SAS.ST slumped 9.1% after reporting a deep loss in the second quarter and said it was in intensive talks with shareholders to tap more funding to help it ride out a collapse in global air travel.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search