Europe ends higher as EC promises $100B help package

Thursday, 02. April 2020 17:30

European shares closed with gains on Thursday after European Commission President Ursula von der Leyen stated said the bloc will provide up to €100 billion to the countries that are most affected by the ongoing COVID-19 pandemic in order to compensate for the reductions in wages.

Also, German Economy Minister Peter Altmaier pictured stated the country's end-year balance may be better than what "some expect."

The DAX closed the session up 0.04% with Siemens AG as the best performer rising 3.22%. The CAC 40 rose by 0.03%. Bouygues went up by 4.88%. At the same time, the FTSE 100 increased by 0.47% as the session finished. Royal Dutch Shell PLC jumped 9.33%.

The euro fell 0.91% against the dollar at 5:33 pm CET, going for $1.10861. The pound was up 0.07% on the greenback at the same time, changing hands for $1.23775 at 5:34 pm CET.

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Breaking the News / TF