Saturday, 04 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
European stocks close higher as US reaches stimulus deal; Virgin Money up 26%
Wednesday, 25 March 2020 23:50 WIB | MARKET UPDATE |Saham Eropa

European markets closed higher Wednesday, as investors remained attuned to the coronavirus pandemic.

The pan-European Stoxx 600 provisionally closed up more than 2.5%, with oil and gas stocks surging over 6% to lead gains while chemicals declined by more than 0.5%.

The European blue chip index had earlier racked gains of more than 4.5% at the start of trading after U.S. senators agreed to the Trump administration™s massive economic rescue bill, unlocking $2 trillion worth of funds.

In terms of individual stocks, Virgin Money U.K. shares jumped 26% while French insurer CNP Assurances added 20%. At the other end of the European blue chip index, British pest control group Rentokil tumbled 18% after withdrawing its 2020 guidance, suspending its dividend and announcing cost-cutting plans.

Source: CNBC

RELATED NEWS
Wall Street Falls as Coronavirus Ends Record Job Growth...
Friday, 3 April 2020 23:35 WIB

Wall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost t...

European Markets Close Lower as The Euro Zone Business Activity Plunges to Record Low...
Friday, 3 April 2020 23:16 WIB

European markets closed lower on Friday, bringing an end to another rocky week of trading amid the deepening coronavirus crisis. The pan-European Stoxx 600 ended down almost 1% at 309.06, with oil an...

U.S. Stock Market Opens Lower After Friday Jobs Report...
Friday, 3 April 2020 20:52 WIB

U.S. stock benchmarks opened modestly lower Friday after the release of an employment report that showed bigger-than-expected job losses in March, reflecting the coming economic devastation from new s...

Dow Futures Indicate a 200-Point Opening Drop as Investors Look to Jobs Numbers...
Friday, 3 April 2020 15:59 WIB

Futures contracts tied to the major U.S. stock indexes pointed to a lower start to Friday™s session, leaving Wall Street on track for modest weekly losses. Dow Jones Industrial Average futures fell...

Hong Kong Stocks Head Into Weekend With a Loss...
Friday, 3 April 2020 15:43 WIB

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatt...

LATEST NEWS
U.S. oil prices climb by nearly 32% for the week

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to...

Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest...

Global Coronavirus Death Toll Tops 50,000

The coronavirus pandemic has hit a grim milestone of 1 million confirmed cases. The count by Johns Hopkins University says more than one-fourth, or 236,000 of the cases, are in the United States. The worldwide death toll stands at 51,500. Italy...

POPULAR NEWS
Gold Down 4th Straight Session as Traders Cast a Wary Eye on Economic Data Amid Coronavirus Spread
Thursday, 2 April 2020 01:46 WIB

Gold futures on Wednesday started the month with a loss, stretching their decline to a fourth straight session, as traders cast a wary eye on the...

Gold Futures End Higher as Weekly Jobless Claims Climb to Record
Friday, 3 April 2020 01:29 WIB

Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6...

Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread
Wednesday, 1 April 2020 20:22 WIB

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor...

Hong Kong Stocks Close on a High (Review)
Wednesday, 1 April 2020 03:24 WIB

Hong Kong stocks closed on a positive note Tuesday, in line with a broad Asia advance and following a rally on Wall Street, while investors welcomed...