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European stock markets bounce with the stabilization of the debt market

Chart of the German DAX stock index on the Frankfurt Stock Exchange, Germany, February 26, 2021. REUTERS / Personal

Chart of the German DAX stock index on the Frankfurt Stock Change, Germany, February 26, 2021. REUTERS / Private

Mar 1 (.) – European shares rebounded on Monday from final week’s heavy losses, after gross sales in bond markets slumped, whereas optimism about the COVID-19 vaccination program and bundle stimulus in the United States strengthened optimism.

The pan-European STOXX 600 Index rose 1.6% at 0811 GMT following robust positive aspects in Asian shares in the early morning, regardless of weaker-than-expected Chinese language manufacturing exercise knowledge.

The benchmark European equities index fell to a low of nearly a month on Friday, with traders fearing {that a} doable rise in inflation triggered by one other massive stimulus bundle in the United States and the reopening of the financial system might lead the primary central banks to tighten their financial insurance policies.

The German DAX was up 1.3%, whereas the French CAC 40 and the British FTSE 100 have been up 1.5% every.

The mining sector was the one which rose the most with an increase of 2.2%, whereas the shares of journey and leisure and the retail sector rose greater than 2%.

IAG, proprietor of British Airways and Iberia, was the stock that rose the most on the STOXX 600, with a rise of 5.4%, after Peel Hunt raised its advice to “purchase” in anticipation of a rebound in demand for journey throughout the summer season.

(Data from Sruthi Shankar from Bengaluru; edited by Anil D’Silva; translated by Darío Fernández in the Gdansk newsroom)

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