Friday

29th Mar 2024

Ticker

Vaccines prompt rally in EU firms' share values

Shares in the world's largest holiday company, Germany's Tui, jumped 8.3 percent in the first trading day of 2021, after its president said he expected "a largely normal summer" due to the roll-out of vaccinations in Europe. Shares in the so-called STOXX 600 pan-European index also recovered to levels last seen in February 2020, before the pandemic struck, Reuters reports. British, French, and German stock exchanges also reported smaller rebounds.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us