European shares rise in thin trading as optimism over economies re-emerging from Covid-19 lockdowns helps investor sentiment
A statue is seen in front of the former headquarters of European Central Bank on the 10th anniversary of the global financial crisis of 2008, in Frankfurt, Germany. September 15, 2018.
Germany's Bayer AG provided the biggest boost, gaining 6.3 percent, after saying it had made progress in seeking a settlement over claims its Roundup weedkiller causes cancer. Despite growing US-China tensions stalling recovery for equities in May, investors focused on the positives amid signs that many European economies were coming back to life.
"The main theme in the market is that the global economy is steadily reopening like floodgates slowly lifting," Sebastien Galy, macro strategist at Nordea Asset Management said. Among other individual movers, Lufthansa, in talks with the German government over a 9-billion euros bailout, rose 1.8 percent after a company spokeswoman said it would resume flights to 20 destinations from mid-June.
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