Monday, 01 June 2020
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European Markets Extend Gains after Choppy Session to Close Over 1% Higher
Monday, 30 March 2020 23:40 WIB | MARKET UPDATE |Stoxx Europe 600Saham EropaEropa

European markets flipped higher and extended gains on Monday afternoon, as the coronavirus pandemic remained in focus for investors.

The pan-European Stoxx 600 ended the day up 1.1% at 314.88 , paring earlier losses.

Across the sectors it was a mixed bag, with financial stocks tumbling 3.2% to lead losses, as banks scrapped dividends and share buy-backs following comments from the European Central Bank (ECB) last week. The ECB said the resulting cash should be used to shore up the region's economies.

On the other end of the spectrum, the chemicals and healthcare sectors ended up over 3% each.

Source : CNBC

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