Home Business News European stocks have the longest weekly streak in a year

European stocks have the longest weekly streak in a year

© Reuters. The DAX chart of German stock price indexes is illustrated at the stock exchange in Frankfurt

(Reuters) – European stocks fell on Friday, but of course their longest weekly winning streak in more than a year as hopes for a rapid rebound in economic growth offset doubts. doubts about the COVID-19 vaccination program of the eurozone.

The all-Europe index edged up 0.1% after hitting an all-time high at the open, while UK blue-chips fell 0.1% and 0.2%, respectively.

The London stock market has performed better this week, with the domestic-focused FTSE mid-cap hitting a record high as the UK slowly escapes from tight winter lockdowns.

Airlines stocks including IAG (LON :), easyJet (LON 🙂 and Wizz Air of British Airways owners rose from 0.2% to 1.0%. In early May, the UK will confirm whether the country will allow international tours to resume from 17 May.

Travel agency TUI fell 5.7 percent after saying it plans to offer a 350 million euro convertible bond to improve its liquidity position when the pandemic disrupts travel plans.

Airbus jumped 2% after the French carrier reported slightly higher deliveries in the first quarter.

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