(Reuters) – European stocks rose slightly at the start of a new quarter on Wednesday, as improved eurozone data raised hopes for a faster economic rebound, but soaring US coronavirus cases held up optimism in check.
FILE PHOTO: The DAX graph of the German stock price index is shown on the Frankfurt Stock Exchange in Germany on May 26, 2020. REUTERS / Staff
The pan-European STOXX 600 index rose 0.3% after closing its best quarterly gains since March 2015 in the previous session.
Trading in some European markets, including Germany DAX .GDAXI and Austria .ATX, was hit by a “technical problem” with the Frankfurt cash market system Xetra, a Deutsche Boerse (DB1Gn.DE) said a spokesperson.
Volumes on DAX were frozen at 0.15% of the long-term daily average, while the larger STOXX 600 saw 3% of the daily average increase to 0733 GMT, Refinitiv data showed.
Fueling hopes for a steady recovery from the coronavirus crisis, the data show that the number of unemployed people in Germany increased much less than expected in June.
The final reading of IHS Markit’s Eurozone Manufacturing Purchasing Managers’ Index (PMI) showed that the slowdown in the block last month was not as bad as initially thought. The index has moved closer to the 50-point mark separating growth from the contraction in June.
However, investors remained concerned as the United States posted its highest peak in a day since the pandemic began on Tuesday, easing hopes that the economic pain is over.
“The third quarter begins with the announcement of a record increase in new daily cases of COVID-19 in the United States, and the impressive second quarter performances will be difficult to maintain,” wrote Ian Williams, strategist at Peel Hunt, in a morning note.
“Political support remains strong but the form of recovery in the major economies is very uncertain.”
Energy companies such as BP (BP.L) and Royal Dutch Shell (RDSa.L) rebounded from losses in the previous session, as oil prices rose after a report showed that US crude inventories had fallen more than expected. [O/R]
The Swiss manufacturer of specialty chemicals Clariant (CLN.S) jumped 9% by closing the sale of $ 1.6 billion of its masterbatch unit to PolyOne Corp (POL.N), allowing the payment of a special dividend of $ 3 per share.
Monte dei Paschi di Siena Bank (BMPS.MI) increased by almost 2% after announcing that the Italian bank was studying merger possibilities, including with Banco BPM (BAMI.MI).
Sruthi Shankar’s reports to Bengaluru; Editing by Sriraj Kalluvila
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]