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European shares rallied for a second straight day on Tuesday, with investors focusing on early signs that the coronavirus pandemic may be easing, even as major companies still take steps to shore up cash after lockdowns crushed global demand.
The pan-European STOXX 600 index rose 2.7% at 0716 GMT - hitting its highest in almost a month, with governors of several hard-hit U.S. states pointing to tentative signs the outbreak might be starting to plateau.
Spanish stocks jumped 2.2% as coronavirus deaths slowed for a fourth day on Monday, prompting the government to contemplate a gradual easing of a nationwide lockdown.
The benchmark STOXX 600 index has now gained more than 22% since hitting an eight-year low in March, but remains more than 24% below its February record high, when the worldwide spread of the novel coronavirus sparked a virtual halt in business activity.
France's Thales on Tuesday became the latest major company to slash its dividend and suspend profit forecasts, but its shares rose 1.8% after it said it had signed a new 2 billion euro ($2.17 billion) credit facility to shore up liquidity.
The British aero-engine maker jumped 15.4% after losing more than half its value this year, as it secured an extra 1.5 billion pounds ($1.8 billion) in reserves, even though it suspended its dividend for the first time since 1987.
Spain confirmed another 838 deaths in 24 hours from coronavirus on Sunday, a new daily record bringing the total number of deaths to 6,528, according to health ministry figures.
The worldwide number of officially confirmed fatalities from the novel coronavirus rose to 31,412 on Sunday, according to a tally compiled by AFP at 1000 GMT from official sources.
With a total of 75,011 deaths from 909,673 infections, Europe is the hardest-hit continent in the COVID-19 pandemic, which has killed at least 109,133 people worldwide. Europe's most affected country is Italy with 19,468 deaths, followed by Spain with 16,972, France with 13,832 and Britain with 9,875.
Dubai’s non-oil external trade surged 31 per cent in the first half of 2021 to reach Dhs 722.3 billion from Dhs 550.6 billion in the corresponding period in 2020.
As Expo 2020 Dubai eagerly waits to bring together the world under the common banner of “Connecting Minds, Creating the Future”, the Philippine Department of Trade and Industry (PDTI)
Expo 2020 Dubai is unveiling the inspiring visitor experience for Mission Possible — The Opportunity Pavilion, an interactive exhibition journey that addresses