European stocks rise in vaccine launches and hopes for recovery

Charlie Taylor

European markets advanced on Monday (15) after a recovery in Asian stocks overnight, with successful vaccine launches fueling hopes for a global economic recovery.
According to CNBC, the Pan-European Stoxx 600 rose 0.8% in mid-morning trading, with basic resources jumping 2.7% for leadership gains, as almost all sectors and major exchanges entered the territory positive.

European actions

European equities received a positive transfer from Asia-Pacific. Japan's Nikkei 225 surpassed the 30,000 level for the first time in over 30 years, after government data showed the Japanese economy grew 12.7% on an annualized basis between October and December 2020.

Monday

Markets in China, Hong Kong, Taiwan and the USA are closed on Monday for public holidays.Alter 2
Oil prices soared overnight amid fears of escalating tensions in the Middle East, after a Saudi-led coalition fighting in Yemen claimed to have intercepted an explosive drone fired by an Iran-backed Houthi rebel group. Brent rose 1.3% to $ 63.24 a barrel on Monday morning in Europe.
Vivendi's shares rose more than 17% at the start of trading on Monday after the French media conglomerate announced plans to list Universal Music on the stock market and distribute 60% of the capital to shareholders. French transport group Bollore, which has a stake in Vivendi, also rose 13%.

News

In other news, the UK has already issued the first dose of the Covid-19 vaccine to more than 15 million people in all four top priority categories, in what Prime Minister Boris Johnson described at the weekend as a “feat. extraordinary".
In Spain, Catalan separatist parties increased their majority in the Catalan regional parliament on Sunday, despite strong action by the local branch of the Socialist Workers Party, in the country's government, establishing possible negotiations between regional separatists and Madrid.Alter 2

Investments

On corporate news, Danone board members are expected to meet with US investment firm Artisan Partners, which is pushing for a board reorganization, Reuters reported on Sunday citing a source close to the matter.
Eurozone finance ministers will meet virtually on Monday to discuss the bloc's economic recovery.

The post European stocks rise in vaccine launches and hopes of recovery appeared first in 1 Billion Financial Education.
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