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European shares rose on Friday, September 17, heading for weekly gains, as news that Britain is considering easing travel restrictions boosted shares of airlines and hotel groups, and a rebound in luxury goods stocks supported major indexes.
By 0711 GMT, the pan-European Stoxx 600 index increased 0.7%, on track to achieve a weekly rise of 0.6%, after concerns about global growth affected markets earlier in the week.
The European travel and leisure sector index rose 1% after closing 3.4% higher on Thursday, in one of the best daily gains this year.
Wizz Air and IAG, owned by British Airways and Intercontinental Hotels, rose between 1.2 and 4.0% after Britain considered easing international travel restrictions for Covid-19.
The retail and banking sectors were among the biggest gainers, each gaining more than 1%.
Germany’s Commerzbank rose 3.9% after a report in the Handelsblatt newspaper said US investment firm Cerberus was considering acquiring 15.6% of the bank after the federal election.
