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June 5, 2020, 3:19 a.m. EDT

European stocks higher as investors wait for U.S. payrolls

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By Barbara Kollmeyer

European stocks were rebounding on Friday, headed for what could be the best weekly return since early April. Stocks fell Thursday after the European Central Bank expanded its pandemic emergency purchase program by a bigger-than-expected amount, and President Christine Lagarde lowered growth and inflation forecasts. The Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.88% rose 0.7%, the German DAX /zigman2/quotes/210597999/delayed DX:DAX +1.15% rose 1.1% and the FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +0.76% rose 0.8%. Shares of Deutsche Lufthansa AG /zigman2/quotes/205496028/delayed DE:LHA -0.87% rose 1.2%, but the struggling airline will be dropped from the DAX as of June 22. In that space, Internatioal Consolidated Airlines Group /zigman2/quotes/208070069/delayed UK:IAG +2.02% jumped 8.5% and easyJet PLC /zigman2/quotes/202825892/delayed UK:EZJ +1.72% climbed nearly 9%. Dow futures climbed over 200 points, also indicating a rebound from a lackluster session on Thursday. Investors were waiting on a labor market report that's expected to reflect soaring jobless losses due to the coronavirus pandemic.

/zigman2/quotes/210599654/delayed
XX : STOXX
366.83
+3.19 +0.88%
Volume: 0.00
July 10, 2020 11:03p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
12,633.71
+144.25 +1.15%
Volume: 0.00
July 10, 2020 6:30p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,095.41
+45.79 +0.76%
Volume: 666,498
July 10, 2020 4:59p
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/zigman2/quotes/205496028/delayed
DE : Germany: Frankfurt
8.68
-0.08 -0.87%
Volume: 67,111
July 10, 2020 8:58p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€264,465
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
211.70 p
+4.20 +2.02%
Volume: 12.47M
July 10, 2020 4:35p
P/E Ratio
2.86
Dividend Yield
4.97%
Market Cap
£4.12 billion
Rev. per Employee
N/A
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/zigman2/quotes/202825892/delayed
UK : U.K.: London
664.00 p
+11.20 +1.72%
Volume: 2.41M
July 10, 2020 4:35p
P/E Ratio
10.92
Dividend Yield
6.61%
Market Cap
£2.84 billion
Rev. per Employee
N/A
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