European stocks rose at the beginning of weekly trading on Monday, supported by data that showed the slowest rate of growth in cases of coronavirus since late February. The gains also came after US Federal Reserve Chairman, Jerome Powell, expressed optimism during his speech on Sunday evening, but stressed that economic recovery in the US may take until the end of next year and may not fully recover until there is a vaccine.
Eurostoxx600 rose 0.46%, the Dow Jones futures rose 1.35% and Brent crude increased 5.38%, exceeding $30 a barrel. Performance of the main indices were as follows:
German DAX index increased by 2.1%
French CAC40 index increased by 2%
UK FTSE Index rose by 2%.
Spain's IBEX rose by 1.7%.
