Stocks in London jumped in early trading with the FTSE 100 index rising over five percent. Germany’s DAX is gaining over six percent, while French stocks are also up by over six percent.

The pan-European Stoxx 600 jumped 4.8 percent in early trade, with oil and gas stocks surging 8.5 percent to lead gains after oil prices enjoyed their strongest day ever on Thursday.

After a volatile week of trading, global stocks have started recovering from their huge losses, with the US Dow Jones index rising 100 points on Thursday. Asia-Pacific markets have also entered positive territory, led by an almost five percent gains for South Korea’s Kospi.

DETAILS TO FOLLOW

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Ford to expand alliance with Volkswagen to make about 8 million commercial vehicles

(Reuters) – Ford Motor Co (F.N) said on Wednesday it would expand its alliance with Volkswagen AG (VOWG_p.DE) to produce up to 8 million commercial vehicles. The No. 2 U.S. automaker also said it would build a new electric vehicle…

Goldman, Citi among banks curbing Italy trips over coronavirus fears – sources

LONDON/MILAN (Reuters) – Goldman Sachs, Citigroup Inc, Credit Suisse and other investment banks have curbed trips to Italy amid fears that the coronavirus outbreak across the north of the country could quickly spread across Europe, sources said. Lazard, BNP Paribas…

Country speeding up development of 5G

China is ratcheting up efforts to accelerate the commercialization of superfast 5G technology as it has built 198,000 5G stations and secured more than 50 million 5G mobile subscribers nationwide as of the end of March, the nation’s top industry…

China’s e-commerce logistics activities expand in August

BEIJING – China’s e-commerce logistics sector reported robust growth in August, propelled by strong demand, according to an industrial survey conducted by the China Federation of Logistics and Purchasing and e-commerce giant JD.com. The index tracking e-commerce logistics activities rose…