Europe closes in green led by car manufacturers' rise

Tuesday, 02. June 2020 17:30

Shares on major European stock markets jumped at the closing bell on Tuesday with car manufacturers surging fueled by optimism over the potential government's stimulus to back the travel industry amid the coronavirus crisis.

Meanwhile, investors' concerns over the pandemic continued to subside as Spain registered no coronavirus-caused deaths for the second consecutive day. German Foreign Minister Heiko Maas unveiled that the government ministers are set to discuss lifting travel restrictions for the European Union countries and few others.

The DAX jumped 3.51% to close the session in the green territory as MTU Aero Engines gained over 10%. The FTSE 100 in London added 0.89% at the same time with Meggitt Plc strengthening 10%, while the CAC 40 soared 1.80% as Airbus surged nearly 7%.

The euro went up by 0.38% to go for $1.11776 at 5:29 pm CET.

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Breaking the News / GA