News24
16 Oct 2020, 14:43 GMT+10
Europe's major stock markets rebounded in opening deals on Friday from the previous day's sharp sell-off sparked by tightening coronavirus lockdown measures in the region.
In initial trade, London's benchmark FTSE 100 index of leading blue-chip companies was up 1.3% to 5 907.87 points.
In the eurozone, Frankfurt's DAX 30 index added 0.6% to 12 783.73 points and the Paris CAC 40 gained 1.5% to 4 907.35.
Global equities fell Thursday, with investor sentiment hammered by fears that tighter coronavirus restrictions could derail the tentative economic recovery.
"Any gains are expected to be capped as sentiment remains fragile amid surging covid cases and tighter lockdown restrictions," cautioned City Index analyst Fiona Cincotta on Friday.
"The economic recovery from the initial Covid hit was already starting to stall. A further tightening of restrictions, investors fear, will derail a very fragile recovery.
"The hospitality sector, which is already on its knees will struggle to survive another lockdown blow and airlines are facing a very long difficult winter."
Traders were also keeping tabs on developments in Washington as lawmakers struggle to find agreement on a new stimulus for the beleaguered US economy, with a disappointing jobs report highlighting the need for action.
Asian equities were mixed on Friday, with gainers supported by bargain-buying after the previous day's sharp losses.
Get a daily dose of International Travel News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
HAIKOU, July 5 (Xinhua) -- Nestled in the coastal town of Boao in south China's Hainan Province, the Boao Lecheng International Medical...
* China's first LEGOLAND resort opened on Saturday in Shanghai. * Spanning 318,000 square meters, LEGOLAND Shanghai Resort is the...
(250705) -- BOAO, July 5, 2025 (Xinhua) -- Canadian figure skating coach Mark Batka (C) experiences Chinese calligraphy at the Boao...
In Kashmir, an April attack shattered the fragile tourism revival - hotel bookings collapsed, and local businesses are fighting to...