European stocks struggled for direction when a new week began on Monday, and investor focus remained on rising US coronavirus infection rates.
Yielding past gains, the Stoxx Europe 600 SXXP Index,
it held steady at 358.09, after a 1.9% drop last week. The German DAX
rose 0.2%, the French CAC 40 PX1,
fell 0.3% and the FTSE 100 UKX index,
submerged 0.2%.
A count reported Sunday by Johns Hopkins University researchers said the death toll from the coronavirus pandemic had reached a grim milestone of 500,108.
US Secretary of Health and Human Services Alex Azar warned on Sunday that “the window is closing” for his country to take measures to curb the virus, as he predicted the increase in deaths and hospitalizations in the coming years. two weeks. Texas, Arizona, Florida and California are among the states that have become worrying focal points.
In Europe, a Swiss nightclub and the British city of Leicester reported clusters of outbreaks, although infection rates on the mainland have decreased markedly compared to the United States or parts of Latin America.
Dow Jones Industrial Average YM00,
futures indicated choppy action after the weak session last Friday. The trading week will be shortened by the July 4 holiday on Friday.
Shares of the beverage manufacturer Diageo DGE,
fell 1%, leading the heavyweight declines. The company has joined a long list of companies that promise not to advertise on Facebook, as the “Stop Hate for Profit” campaign has generated momentum. Starbucks SBUX,
Unilever UL,
ULVR,
and Coca-Cola have already joined that movement.
Shares of good consumer company, Unilever ULVR,
fell 2.4%.
TUI TUI1 Actions,
It jumped 4% after the travel company reportedly said over the weekend that it had reportedly seen a 50% increase in weekly bookings over the past week, as British tourists prepared for lifting of travel locks. TUI outlined its plans to restart travel operations this summer, with flights to Ibiza and Palma starting July 11, the company said.
Ryanair Holdings RY4C airline shares,
and easyJet EZJ,
increased more than 3% and 2% each.
The European Union is expected to announce a further relaxation of the nation’s 14-day flight and travel restrictions and quarantine measures in the coming days, and the UK is expected to join the bloc. However, the United States is not expected to make the cut.
UK Prime Minister Boris Johnson has pledged to spend tens of billions of pounds to save the economy, build hospitals, schools, housing estates and road and rail projects “shovel-ready,” he said in an interview with The Mail. on Sunday.
Wirecard WDI Shares,
It increased 173% after a 95% drop last week. The German financial technology company said Saturday that its business activities continue, even when it filed for insolvency last week, after revealing that there was probably never more than $ 2 billion missing from its balance sheet.
.
