European stock exchanges grow in anticipation of the EU summit

European stock exchanges grow in anticipation of the EU summit

FINANCE

2020-06-22 14:07:00

The important European stock indexes on Friday are growing in anticipation of investors video summit of the leaders of the European Union, where they will discuss the parameters of the anti-disaster Fund being created within the EU, according to trading data.>

 

As of 11:11 GMT, the British FTSE 100 index changed into up 0.46%, to 6252.5 factors, the French CAC 40 - 0.59%, to 4988.15 points, the German DAX - 0.54%, to 12346.25 points.

 

EU leaders will discuss the parameters of the anti-crisis Fund being created inside the EU at a video summit on Friday. Earlier, the EC presented proposals for the formation of a Fund to restore the European Union from the crisis resulting from the fight against the spread of a new coronavirus, in the quantity of 750 billion euros. Not only the Fund, but additionally the EU's multi-year financial plan for 2021-2027, could be mentioned on the summit on Friday.

 

The optimism of the markets is also supported via the announcement of the main epidemiologist of the Chinese center for disease prevention and control, Wu Junyu. On Thursday, he stated that the COVID-19 outbreak in Beijing is already under control.

 

In addition, indexes are supported by corporate news. Shares in German airline Lufthansa are up almost 2% after media reports that the employer's largest shareholder, German billionaire Heinz Hermann Thiele, has requested Berlin politicians to negotiate aid for the organization.>

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