Shares in Europe bounced back from last week’s malaise on Monday as investors were busy despite new restrictions being introduced in the UK.
Shares in Europe bounced back from last week’s malaise on Monday as investors were busy despite new restrictions being introduced in the UK. The FTSE 100, London’s top index, ended the day up 1.4%, or 77.7 points, to 5,654.97, despite companies with a strong high street presence taking a hit. “The health crisis is still a serious issue, and there are concerns that Europe as a whole will economically suffer, but dealers are clearly keen to buy back into the market for now,” said David Madden, an analyst at CMC Markets. He added: “Financial markets don’t move in straight lines, is an old adage, and it seems that today’s positive move could just be a technical bounce because from a fundamentals point of view, the UK and the eurozone economies are bracing themselves for a tough few weeks ahead.
