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Stocks climb in Europe as PMIs signal recovery; euro advances

Bloomberg Stocks advanced in Europe along with US equity futures after manufacturing data from the euro area pointed to further signs of a recovery from the virus slump. Treasuries were steady and the dollar declined. Carmakers and banks led a broad advance in the Stoxx Europe 600 index as Purchasing Managers’ Indexes (PMIs) showed manufacturing in France unexpectedly returned to ...

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India stocks surge as border tensions ease

Bloomberg Indian stocks climbed, taking the benchmark index to its highest level in more than three months, after a report of a step back in a border dispute with China. The S&P BSE Sensex added 0.9% to 35,238.03 as of 2:01 pm in Mumbai, while the NSE Nifty 50 Index advanced by 1.1%. Both gauges are set for their biggest ...

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Oil holds near $42 as investors weigh demand against virus

Bloomberg Oil held near $42 a barrel in London as investors weighed signs of rebounding demand against a resurgence in new coronavirus cases. Opec and its allies are on track to rebalance the oil market and there are encouraging signs of recovery, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told an Opec+ meeting last week. However, California reported record ...

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