European stocks surge after China factory output rises

135375

European shares climbed on Friday as Chinese factory output increased, but U.S.-China tensions remain.

The pan-European STOXX 600 surged 1.4%, with travel stocks gaining 2.7%.

Miners .SXPP and chip makers also rose after China’s industrial output increased 3.9% in April.

Global stock markets fell this month after continuous gains in April due to fears of a possible second wave of coronavirus infections.

Swiss drugmaker Roche jumped 1.4% after announcing its plan to start selling new digital diagnostics products that may lead to faster screening of COVID-19 patients.

BT Group Plc rose 8.2% after it was reported to be in talks to sell a multi-billion pound stake in its network subsidiary to infrastructure investors.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: