European shares set for weekly gains as travel stocks soar
17 Sep , 2021 By : monika singh
European stocks were on track for weekly gains on Friday as news that Britain was mulling easing travel restrictions boosted airlines and hotel groups, while a rebound in luxury stocks also supported the main indexes.
The pan-European STOXX 600 index rose 0.7% by 0711 GMT and was set for a 0.6% weekly gain after worries about global growth dented markets earlier in the week.After closing up 3.4% on Thursday in one of the best single-day performances this year, the European travel and leisure index added 1.0%.
Wizz Air, British-Airways-owner
IAG and InterContinental Hotels rose between 1.2% and 4.0?ter Britain considered easing England's COVID-19 rules for international travel.Retailers and banks were among the other top sectoral gainers, up more than 1?ch.Germany's Commerzbank climbed 3.9?ter a Handelsblatt report said U.S. investor Cerberus was considering taking a 15.6% state in the bank after the federal election.
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