European stocks on longest weekly winning streak in a year By Reuters

European stocks on longest weekly winning streak in a year By Reuters

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) – European stocks were subdued on Friday, but on course for their longest weekly winning streak in more than a year as hopes of a rapid recovery in economic growth offset doubts over the euro zone’s COVID-19 vaccination programme.

The pan-European index inched down 0.1% after hitting an all-time high at the open, while UK’s blue-chip and slipped about 0.1% and 0.2%, respectively.

London equities have outperformed this week, with the domestically focussed FTSE mid-cap index hitting a record high as Britain gradually emerges from a strict winter lockdown.

Airline stocks including British Airways-owner IAG (LON:), easyJet (LON:) and Wizz Air rose between 0.2% and 1.0%. Britain will confirm in early May whether it will allow international travel to resume from May 17.

Travel company TUI fell 5.7% after saying it planned to offer convertible bonds worth 350 million euros to improve its liquidity position as the pandemic disrupts travel plans.

Airbus rose 2% after the French planemaker reported slightly higher deliveries in the first quarter.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a comment

Send a Comment

Your email address will not be published.

Enter text shown below: