Optimism over an end to social restrictions is driving travel and leisure stocks higher, adding buoyancy to European markets on Tuesday as indexes across the continent hovered around flat or fell. Commodity prices at multiyear highs have also added strength to markets.
British stocks led European trading, as the market absorbed Monday’s news from U.K. Prime Minister Boris Johnson on the plan to gradually reopen the country. “Travel and leisure stocks are getting a lift this morning after yesterday’s announcement of a reopening schedule in the U.K. prompted a surge in holiday bookings,” Hewson said.
Shares in BP BP, +2.50%, Royal Dutch Shell RDSA, +0.55%, Total TOT, +1.48%, and Eni ENI, +0.46% all rose.
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