Wednesday, May 29

European Stock Exchanges Traded on Friday With Solid Gains

European stock exchanges traded on Friday with solid gains. Surprisingly strong employment data helped the sentiment in the United States.


Air France-KLM was a clear winner on the Damrak, aided by encouraging reports of the lifting of travel restrictions.

The AEX index at Beursplein 5 closed the session with a 2.4 percent profit at 572.80 points. The MidKap, led by Air France-KLM, gained 2.6 percent to 793.08 points.

The stock exchanges in London and Paris rose to 3.7 percent. The DAX in Frankfurt won 3.4 percent.

The German central bank expects Europe’s largest economy to recover strongly from the deep recession of the corona crisis in 2021 and 2022.

In the US, more than 2.5 million jobs were added last month compared to April. As a result, unemployment in the world’s largest economy fell to 13.3 percent in May.

Economists generally expected that unemployment would have increased due to the corona crisis.

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