European Stocks Rising After Yesterday’s Losses

European stocks rose Tuesday 22 September after falling sharply yesterday as technology and healthcare stocks rose, but concerns about new restrictions due to the Coronavirus in Britain and elsewhere continued to put pressure on travel sector stocks.

The European Stoxx600 index rose 0.5% by 0716 GMT, maintaining its gains after the worst session in three months.

The technology sector, which shined compared to other sectors this year, rose 1.5%, while health care shares gained 0.6%.

With the increase in Covid-19 cases in Britain, British Prime Minister Boris Johnson is set to announce new restrictions, including the closure of bars, restaurants and other places in the hospitality sector at 10 pm across the country.

Travel and leisure shares fell 0.7%, after falling 5.2% in the previous session, while banking stocks fell 0.3% in addition to yesterday’s losses of 5.7%.