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Monday, September 7, 2020

European Stock Markets: European stocks rise after Wall Street sell-off

European share markets moved firmly higher on Monday, shrugging off the heavy falls in the US at the end of last week as investors turned to defensive stocks like healthcare, utility and energy companies.

Sterling fell sharply against the euro, shedding 0.8 per cent to €1.1137, as fears mounted that a trade agreement between the UK and the EU will be scuppered if Boris Johnson’s government goes through with plans to override elements of the withdrawal agreement. The pound fell by a similar degree against the dollar to $1.3157.

Read more at: 
European stocks rise after Wall Street sell-off | Financial Times