European stocks rose from their lowest level in two weeks, as signs of progress in developing a treatment for Covid-19 disease overshadowed concerns about an increase in cases on the continent, threatening to curb an economic recovery.<\/p>\n\n\n\n
The European STOXX 600 index rose 1.3%, following the gains in Asian markets after the US Food and Drug Administration allowed the use of blood plasma from patients recovering from Covid-19 as a treatment.<\/p>\n\n\n\n
Technology, mining and chemical stocks led gains in early trade, rising more than 1.5%.<\/p>\n\n\n\n
AstraZenica rose 2.1% after the Financial Times reported that the Trump administration was considering expediting the approval process for an experimental Covid-19 vaccine developed by the company.<\/p>\n\n\n\n
The gains came after a week that saw European stocks weakly perform under pressure of data indicating a faltering recovery in corporate activities in the euro area amid growing cases of Coronavirus.<\/p>\n\n\n\n
British telecoms group PT jumped 6.1% to top the STOXX 600 after a media report that the board of directors would tackle takeover efforts from competitors and investment firms.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks rose from their lowest level in two weeks, as signs of progress in developing a treatment for Covid-19 disease overshadowed concerns about an increase in cases on the continent, threatening to curb an economic recovery. The European STOXX 600 index rose 1.3%, following the gains in Asian markets after the US Food and …<\/p>\n","protected":false},"author":9,"featured_media":32785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6911,6851],"class_list":["post-33069","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-europe","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33069"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33069\/revisions"}],"predecessor-version":[{"id":33070,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33069\/revisions\/33070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32785"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}