European stocks rise at the start, with loosening of restrictions


direct: European stock indices rose at the beginning of Monday’s session, as closing restrictions continued to ease across Europe.

European investors continue to monitor developments in the euro area as countries continue to gradually lift restrictions on closures, and the extent to which the economy is expected to recover, expected to contract at a historic pace this year.

United Kingdom Prime Minister Boris Johnson announced initial steps to reopen the economy and public life.

Johnson noted that children can return to school as of June 1, but he clarified that lifting restrictions will largely depend on data and a decrease in cases of the Coronavirus infection.

Meanwhile, stores will open in France starting today, and schools for young children and nurseries will be reopened.

Industrial production data is due to be released in Italy for the month of March, later today.

By 7:13 am GMT, the “Stoxx 600” index rose by 0.5 percent to 342.7 points, and the British index “FTSE” rose 0.8 percent to 5981.5 points.

The German index “DAX” increased by about 0.5 percent to 10961.9 points, while the French index “CAC” settled at the level of 4551.9 points.

During the same time, the euro held steady against the US dollar at $ 1.0837.


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