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May 27, 2020, 3:14 a.m. EDT

European stocks rise amid investor hopes for bailout package

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By Barbara Kollmeyer

European stocks opened higher on Wednesday, amid optimism over economic reopenings and speculation that the European Union will announce a massive stimulus program. The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP -0.84% rose 0.4% to 350.36, the German DAX /zigman2/quotes/210597999/delayed DX:DAX -0.80% rose 0.3% and the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 -0.96% rose 0.5%. The European Commission is due to present its proposal for a bailout package, potentially backing efforts by France and Germany for a 500 billion euro fund to aid recovery efforts. Airline and travel shares extended Tuesday's gains, with International Consolidated Airlines Group SA /zigman2/quotes/208070069/delayed UK:IAG -3.04% up over 6% and TUI AG /zigman2/quotes/207049334/delayed UK:TUI -5.54% climbing 12%. U.S. stock futures indicated a stronger start for Wednesday, with Dow /zigman2/quotes/210598065/realtime DJIA +2.13% futures up over 150 points.

/zigman2/quotes/210599654/delayed
XX : STOXX
367.40
-3.10 -0.84%
Volume: 0.00
July 14, 2020 11:03p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
12,697.36
-102.61 -0.80%
Volume: 76,739
July 14, 2020 6:30p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
5,007.46
-48.77 -0.96%
Volume: 83,503
July 14, 2020 6:05p
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/zigman2/quotes/208070069/delayed
UK : U.K.: London
207.10 p
-6.50 -3.04%
Volume: 12.60M
July 14, 2020 4:35p
P/E Ratio
2.80
Dividend Yield
5.15%
Market Cap
£4.24 billion
Rev. per Employee
N/A
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/zigman2/quotes/207049334/delayed
UK : U.K.: London
356.30 p
-20.90 -5.54%
Volume: 2.65M
July 14, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
13.75%
Market Cap
£2.22 billion
Rev. per Employee
£250,630
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,642.59
+556.79 +2.13%
Volume: 407.34M
July 14, 2020 5:13p
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