European stocks close higher after last week’s sell-off; Renault climbs 10%
The pan-European Stoxx 600 provisionally closed up by 0.9%, with banks surging 3.3% to lead the gains as most sectors and major bourses ended in positive territory.
It comes after a turbulent week of trading on the back of a flurry of central bank action.
French markets nudged higher but lagged other major European bourses after President Emmanuel Macron lost his absolute majority in the country’s parliamentary election, potentially jeopardizing his economic agenda. France’s CAC 40 index closed up 0.6%.Renault shares gained 9.7% on Monday after Jefferies upgraded the French automaker’s stock to “buy” from “hold.”
At the bottom of the index, Italian energy firm A2A Spa fell 5.5%.
Source: CNBC, Investing.com
Daily Report 21.06.2022
Објавено: 21. 06. 2022