Travel companies are leading upward European actions like Spain to allow foreign visitors
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Travel values rebounded in Europe on Tuesday following Spain’s decision to allow foreign visitors to enter as stocks rose for the second day due to optimism about a slowly recovering global economy.
The FTSE 100
UKX,
It was up 1.9% after a three-day break. You
YOU
has increased by 36% when the London-based travel operator in Germany plans to operate again in late June, according to an interview with its managing director at the Rheinische Post, as it also spoke positively of Spain’s decision to allow foreign tourists in July.
Owner of the Iberia International Consolidated Airlines group
IAG
increased by 16% and InterContinental hotels
IHG
up 15%.
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The German DAX
DAX
+ 0.6% and French CAC 40
PX1
added 1%.
In Germany, the GfK forward-looking consumer sentiment index will drop to minus 18.9 points in June, following an upward revision of minus 23.1 points in May. “They continue to report difficult conditions for consumers, but the rise in the sub-indices this month is a good sign. If this continues, the foundation for a very solid Q3 looks solid, “said Claus Vistesen, chief eurozone economist at the Macroeconomics Hall of Fame.
A notice informing customers of their closure is visible at the door of a TUI travel agency in Berlin on May 13, 2020 in the midst of the Corona Covid-19 pandemic. TUI shares rose on Tuesday.
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While avoiding attacks on his assistant’s travel, Prime Minister Boris Johnson announced the reopening of the retail sector, with car dealers opening in early June and non-essential retailers mid-month.
Japan is planning further stimulus as its economy reopens this week, and People’s Bank of China governor Yi Gang has reiterated that the central bank would be “flexible”. The Nikkei 225
NIK
2.6% recovered in Tokyo and Shanghai Composite
SHCOMP
up 1%.
The announcement of a trial for a COVID-19 vaccine also heightened sentiment.
Dow Jones Industrial Average Futures
YM00
Up to 464 points.