European stocks rose on Monday as signs of economic progress offset concerns about growing cases of coronavirus in the US and India.
Up to 2% last week, the Stoxx Europe 600 SXXP,
up 1.6%.
Shares of HSBC Holdings HSBA listed in London,
and STAN standard chartered,
he jumped, responding to the big rally in Asian stocks.
The SHCOMP composed of Shanghai,
It emerged as a front-page editorial in the Securities Times that a “healthy” bull market after the pandemic is now more important to the economy than ever.
The German DAX DAX,
, French CAC 40 PX1,
and the UK FTSE UKX,
everything advanced around 2%.
Futures in the Dow Jones Industrial Average YM00,
He earned 343 points after the three-day weekend.
Markets continue to advance in signs of an economic recovery. Nonfarm payrolls increased by 4.8 million in June, the United States Department of Labor said last week. Germany reported on Monday a 10.4% increase in new manufacturing orders for May, which was however 29.3% lower than a year ago.
Through Davy Research, Google Mobility data suggests that continental Europe is ahead of the United Kingdom and Ireland in the economic recovery.
In Ireland, the 7-day average of credit and debit card transactions is now only 4% below the levels of early March, according to Davy Research, citing central bank data. Bars and hair salons reopened in the UK over the weekend, and Springboard reported that UK pedestrian activity, or footfall, shot up by 19.7% on Saturday.
The question is whether economic progress can continue with the increase in the number of coronaviruses.
States that contain more than half the US population now meet one or none of the CDC’s recommended selection criteria for reopening, say analysts at Goldman Sachs, who narrowed their view of economic growth separately US for the year to a 4.6% contraction from a 4.2% recession.
UK home builders rose up. Barratt Developments BDEV,
It increased 5% as it said net private reserves per active output per average week were 0.63 over the past six weeks, compared to 0.69 last year. Rivals Persimmon PSN,
and Taylor Wimpey TW,
He also jumped.
.
