European shares hovered near a 11-week high on Tuesday, with UK markets surging after a long weekend, as businesses worldwide gradually reopened following a months-long lockdown.
The pan-European STOXX 600 rose 1% by 0708 GMT after hitting its highest level since March 10.
Returning from a bank holiday, UK's FTSE 100 surged 1.9% as Prime Minister Boris Johnson said on Monday Britain will reopen thousands of high street shops, department stores and shopping centers next month.
Aston Martin soared 24.8% after the UK luxury carmaker confirmed that Tobias Moers, CEO of Mercedes-AMG, would become its chief executive officer.
Wall Street futures also rallied 2%, as hopes of further policy support and improving economic data fueled hopes of a faster economic recovery from the coronavirus pandemic.
Paris-headquartered shopping center operator Klepierre SA jumped 6.7% after saying it had reopened 80% of its European malls and hopes to reopen 90% of them within 10 days.
French carmakers Renault SA and Peugeot SA jumped nearly 4% as President Emmanuel Macron said support for the hard-hit car sector will be "massively amplified." (Reuters)
Source: www.businessworld.ie
