European stocks rose for the fourth consecutive Thursday on Thursday to spark enthusiasm for the reopening of economies around the world.
The Stoxx Europe 600
rose 1.1% in early trading and 3.9% in five days.
The German DAX
rose by 1%, the French CAC 40
rose by 1.1% and the British FTSE 100
Profits come a day after the European Union proposed a € 750 billion bailout fund made up of grants and loans, while European Central Bank President Christine Lagarde said the eurozone economy is up this year 8% to 12% would shrink.
The Fed’s Beige Book reported growing corporate pessimism about the economy. However, the stock markets do not share this view.
Cineworld Group shares
rose 29% in early London trade when the chain operator said he had negotiated a covenant waiver. Cineworld currently expects state restrictions on cinemas in each of its areas to be lifted by July, but said cinemas have ample leeway even in the unlikely event that cinemas remain closed until the end of the year.
Shares of easyJet
The UK-based low-cost carrier grew 8% as bookings for the coming winter were prior to the previous year, with plans to cut as much as 30% of its workforce.
Engine manufacturer Rolls-Royce
however decreased by 5%.
US stock futures
rose ahead of recent unemployment claims and growing tensions between the US and China over the new national security law for Hong Kong.