Travel sector revives European shares


Capitals – Reuters:

European shares rose yesterday after travel stocks rebounded from sharp losses earlier in the week, while a slew of positive business results overshadowed concerns about the rising delta strain cases on the continent. The pan-European Stoxx 600 index rose 0.3% by 0722 GMT, making it set to end the week flat or slightly lower. The travel and retail sectors were among the top gainers among the sectors. Sweden’s Ericsson shares fell 9.4 percent after it reported core earnings in the second quarter that fell short of market estimates, weighed down by lower sales on the Chinese mainland. In Britain, the FTSE 100 index and shares of medium-capital companies rose 0.5% each, after sharp losses earlier in the week, with the trend to lift more restrictions related to the pandemic last Monday.


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