European Stocks Rise as Gradual Reopening Economies Put Positive Weigh on Investors

European stocks traded higher on Monday as the markets continued pricing in the gradual lockdown easing and reopening economies.

 

As of 15:30 local time in Thailand, DAX rose 0.74%, CAC edged 0.47% higher, FTSE MIB advanced 0.37% and STOXX 600 gained 0.41%. Meanwhile, U.K. FTSE closed on a holiday.

 

Investors continued to enjoy positive sentiment on the reopening economy, especially in Germany and France, even though the number of infections from coronavirus was still ups and downs after the reopening economy.

On Monday, Germany reported another 289 cases, making a total of 178,570 cases, while the death toll increased by 10 to 8,257. Meanwhile, France reported its lowest daily cases since lockdown. Daily cases rose by 115 to 144,921, while death toll rose by 35 to 28,367.

Germany initiated its reopening program in the first week of May after the virus outbreak in the country started to stabilize. France is looking for its 3rd phase easing for cafe and bars to be open in June in the area with low or no infections report.