Johnson's struggle with Covid

Johnson's struggle with Covid

BORIS JOHNSON spent the night in the hospital for tests 10 days after confirming he tested positive for coronavirus.

Read more
Royal Fury

Royal Fury

Meghan Markle considers acting offers ‘cheesy and beneath her’ claim

Read more
A New Man Utd Deal?

A New Man Utd Deal?

Manchester United are likely to revive their £100million move for Dortmund star Jadon Sancho

Read more
Homepage / Business / FTSE 100 LIVE: Eurozone stocks rally amid EU plan to prop up struggling economies
Ask Alison: ‘My husband lost his job but is still trying to keep up with his wealthy siblings’ Looks like working from home is here to stay – here’s how to do it without breaking your back Nationalists set up protest at border in bid to keep Scotland ‘Covid-19 free’ Pod of killer whale surprise two fishermen in tiny boat off coast of Shetland RIP Saroj Khan: From Madhuri Dixit to Govinda — choreographer’s daughter REVEALS who kept in touch with her from Bollywood Kangana Ranaut’s team again accuses Taapsee Pannu of harassment; latter calls out ‘bitter people’ in response Alia Bhatt shares a picture with sister Shaheen and their new baby, Juniper Martin Lewis issues important advice to thousands on a payday loan agreement Mortgage free: Homeowner reveals how they paid off mortgage at 47 ‘Manchester is not Leicester but it could be if we don’t take care this weekend’ Police ‘increasingly concerned’ for woman missing from Bolton Man Utd ‘considering loaning out Eric Bailly’ and more transfer rumours Man Utd plunged into chaos as Bruno Fernandes and Paul Pogba are injured in training clash Netflix stands by film ‘365 Days’ which singer Duffy said ‘eroticises kidnapping and distorts sexual violence’ British Shadow Foreign Secretary brands Wigan administration ‘major global scandal’ and calls for full enquiry Man Utd blocked unique Inter Milan request during Alexis Sanchez transfer talks The Full List Of Countries Exempt From England’s Coronavirus Quarantine Meghan and Harry’s exit ‘orchestrated’ by Charles after Andrew’s BBC interview says author Queen fury: Monarch rejects public demands for Prince William to replace Charles as King Queen ‘devastated by Meghan Markle power play’ amid claims she was unprotected ‘Demanding’ Meghan Markle claims drop in ocean compared to what was going on behind scenes FTSE 100 LIVE: Global stocks rise as coronavirus recovery hopes grow- London market to dip Veteran choreographer Saroj Khan passes at 71 due to cardiac arrest; Akshay Kumar, Genelia Deshmukh and others offer condolences Filmy Friday: Jersey, Kaithi, Vikram Vedha – which south remake are you most excited for? Vote now Meghan Markle has learnt from her BIGGEST royal mistake amid Prince Harry’s title change Tax changes: ‘Radical’ shake-up ahead and Rishi Sunak has already ‘dropped hint’ ADVERTORIAL: Bakery reveals ‘lifeline’ which saved firm after Covid-19 crisis ADVERTORIAL: The campaign that has given more than a million meals to dogs across Britain Devoleena Bhattacharjee recalls her journey in Bigg Boss 13, says, ‘Proud of myself that I didn’t make headlines because of dating someone’ Universal Credit and legacy benefits may be reduced by lump sum back payments from the DWP FTSE 100 LIVE: Pound sees gains amid optimism for EU-UK Brexit trade deal – FTSE surges Devastated locals lay floral tributes for toddler killed in Morningside crash Credit card rules confirmed to change in two days – borrowers warned to ‘think carefully’ Sonu Nigam REVEALS what he is the most scared of, and it is not Bhushan Kumar Virtual kiltwalk challenge to raise money for Perth and Kinross Disability Sport Sushant Singh Rajput suicide: Akshaye Khanna requests Indian Government to start a CBI Enquiry in the case Aamir Khan crashing daughter Ira’s workout video is the cutest thing on the internet today Bank chief hails battered economy’s V-shaped recovery out of lockdown Whether by accident or design, 2020 has thrown up a trio of US period dramas with particular pertinence to the times we live in Covid-19: US buys up virtually all stocks of anti-viral drug remdesivir FTSE 100 LIVE: UK stocks hit by 18% drop in chaotic six months – full impact revealed Tax credits warning: Some people need to contact HMRC this month or payments will stop Solskjaer explains Manchester United midfield choice vs Brighton Man Utd great Gary Neville breaks silence on Liverpool title win Leicester ‘eye Chilwell replacement’ amid Man City speculation and more rumours Brighton vs Man Utd LIVE: Team news and line ups confirmed, Solskjaer makes changes Queen phones Donald Trump just hours after President’s attacks on female leaders revealed Sturgeon’s economic catastrophe: Scottish businesses have WORST confidence in whole of UK Meghan Markle fans HIJACK Kate’s video AGAIN ‘she’ll never be as effective as Meghan’ Kate brushes off shocking snub in awkward encounter during royal visit This Is Why People Are Putting Stars Up In Their Windows Royal heartbreak: ‘Tearful’ Princess Eugenie’s wedding proposal admission revealed FTSE 100 LIVE: UK economy suffers biggest fall in 40 YEARS – ONS lifts cover on huge blow Ole Gunnar Solskjaer sets Man Utd stars unbeaten challenge as Premier League run-in begins Prince Andrew ‘will never have a public role again’ amid royal crisis Scots woman loses over £21k on gaming app after being conned by fraudster Yeh Rishta Kya Kehlata Hai: Shivangi Joshi, Mohsin Khan thank Rajan Shahi and the production team for ensuring workplace safety Face masks compulsory at all NHS Lanarkshire hospitals Manish Raisinghan REACTS to link-up rumours with BFF, Avika Gor, says we had a good laugh at them Trending Entertainment News Today: Taapsee Pannu’s electricity bill, Hindustani Bhau vs. Bulbbul Best and worst countries for retirement in Europe revealed – UK ranking FALLS in 2020 Martin Lewis urges Brits to use online banking to check this as he gives ‘special warning’ FTSE 100 LIVE: Dow set to SOAR as futures turn higher – major boost for US after chaos Britain facing ‘interest rates of MINUS three percent’ – major finance warning issued Do it for Dan – Laois GAA family who raised money for life-saving drug for their young son ‘devastated’ he contracted rare virus Coronavirus death toll passes half a million worldwide Dissident Republican chased and murdered in brutal street execution in Belfast Glasgow stabbings knifeman named by police as Badreddin Abadlla Adam #JusticeForJayarajAndBennicks: Suriya writes a long note seeking justice for the victims Abhishek Bachchan admits he has lost roles due to his ‘no intimate scenes’ policy for daughter Aaradhya Sushant Singh Rajput suicide: ‘We are investigating the reason behind his suicide from every angle,’ says Mumbai DCP Abhishek Trimukhe A former alcohol dependency building in Oldham is being turned into a pub New Fallowfield Loop bridge over Hyde Road is lifted into place What the Man City team could look like in three years time Norwich 0-0 Man Utd LIVE: Confirmed team news and FA Cup quarter-final score updates Inheritance Tax UK: Are changes ahead? IHT was raised to 80% to ‘help tackle public debt’ Tax credits payments: How to check your tax credit payments are correct Queen heartbreak: The truth behind the Queen’s jewellery – and why she always wears pearls Prince Charles safety concerns: Cost-cutting plan to remove guns from royal bodyguards Davina McCall Clarifies Emma Willis And Rylan Interview Following Brian Dowling Criticism Meghan Markle heartbreak: How fans supported shock theory about baby Archie’s birth Man Utd boss Ole Gunnar Solskjaer issues worrying Jadon Sancho transfer update Meghan Markle and Harry could still lose HRH styles as ‘nothing is set in stone’ – expert 10 reasons why IT Sligo is the perfect college for you Princess Anne in stitches over soldier’s wry comment as she receives new title via video The Big Tech Show: How to run, and maybe save, a media business Scots wake up to furious thunderstorms after enjoying hottest day of the year Nicola Sturgeon coronavirus update as lockdown measures eased across Scotland After Laal Singh Chaddha, Aamir Khan’s Vikram Vedha remake too gets postponed due to Coronavirus pandemic Avika Gor is excited that BFF Manish Raisinghan is getting married on her birthday INTU crisis: Shopping centre group faces administration – thousands of jobs at risk When Samantha Akkineni said hubby ‘Naga Chaitanya is my pet’ — watch video FTSE 100 LIVE: Global stocks surge as investors shift focus on major bank rule change PIP claimants could receive ‘premium’ top-ups for other benefits – full list revealed Martin Lewis reveals if SEISS grants will be ‘clawed back’ by HMRC – ‘it’s a grey line’ UK economy BOOST: Poll says economy likely to bounce back next quarter FTSE 100 LIVE: Future of euro in doubt – Brussels on alert after huge warning New rules for hotels – including face masks to be worn in corridors Yeh Hai Mohabbatein actor Karan Patel’s wife opens up on her miscarriage, says, ‘I realised it is time I openly talked’ Larkhall youth had knife when he confronted social workers at their office

Business

FTSE 100 LIVE: Eurozone stocks rally amid EU plan to prop up struggling economies

The eurozone equities index finished 1.1 percent higher after jumping as much as 1.6 percent, while the pan-European STOXX 600 closed up 0.2 percent. Under the proposal, the European Commission would borrow the funds from the market and then disburse two-thirds in grants and the rest in loans, with much of the money going to Italy and Spain, the worst affected by the pandemic. Spain’s banking-heavy IBEX jumped 2.4 percent, with Banco Santander SA and BBVA rising 4.9 percent and 3.4 percent respectively.

{%=o.title%} ]]>

Euro zone banks .SX7E climbed 4.8 percent, with French lenders BNP Paribas SA and Societe Generale SA leading gains. Italy’s banking index .FTIT8300 rose 2.6 percent.

“The size of the market reaction is relatively modest if you compare it to the plan itself, but that is because there were quite some expectations in the market,” said Elwin de Groot, head of macro strategy at Rabobank.

“We really have to see this is a reaction to the size of the programme being bigger and the European Commission not being deterred from the opposition that is visible in some member states.”

A Franco-German proposal for 500 billion euros in grants last week faced some resistance from more frugal northern nations, which wanted only loans.

FOLLOW OUR LIVE UPDATES HERE:

FTSE 100 LIVE: Eurozone stocks rallied on Thursday

FTSE 100 LIVE: Eurozone stocks rallied on Thursday (Image: GETTY)

11.27am update: Taiwan slashes economic growth forecast 

Taiwan has slashed its economic growth forecast for 2020. 

The Directorate General of Budget, Accounting and Statistics forecast GDP growth to increase by 1.7 percent which would be the slowest rate in five years. 

10.37am update: Half of closed UK firm unaware of reopening date 

Nearly half of businesses in Britain have temporarily suspended their operations due to the coronavirus are unsure of when they will reopen the Office for National Statistics has stated. 

A further 10% were eyeing a reopening in two to four weeks’ time and 31% expected to restart in more than four weeks’ time.

Forty-six percent said they were unsure when they would resume trading.

10.29am update: FTSE 100 0.47 percent down 

The FTSE 100 index is currently 28 points down at 6,171 at the time of writing. 

8.55am update: Thousands of easyJet to lose their jobs 

The airline is set to cut thousands of jobs after it announced plans to cut 30 percent of the workforce. 

Chief executive, Johan Lundgren, said: “We realise that these are very difficult times and we are having to consider very difficult decisions which will impact our people, but we want to protect as many jobs as we can for the long term.

“We remain focused on doing what is right for the company and its long-term health and success, following the swift action we have taken over the last three months to meet the challenges of the virus.

“Although we will restart flying on 15 June, we expect demand to build slowly, only returning to 2019 levels in about three years’ time.

“Against this backdrop, we are planning to reduce the size of our fleet and to optimise the network and our bases.”

8.13am update: FTSE 100 opens on rise 

The FTSE 100 has opened this morning 28 points up and is currently trading at 6.171 at the time of writing. 

7.06am update: EU leaders expect delay in agreement 

Despite the EU putting forward a landmark financial recovery aid package, some have insisted it will take time. 

One Dutch diplomat told Politico: “The positions are far apart and this is a unanimity file, so negotiations will take time.

“It’s difficult to imagine this proposal will be the end state of those negotiations.”  

Known as the ‘Frugal Four’, Holland, Austria, Sweden and Denmark were sceptical of an overly inflated financial package based on grants and a large budget. 

7.03am update: Hong-Kong index drops 

The Hang Seng Index has fallen 1.16 percent today after a gradual drop from the beginning of trading. 

The index is currently at 23,028.48 points at the time of writing, 270 down. 

Additional reporting by Rachel Russell. 

6.02am update: American Airlines says to cut management and support staff by 30 percent

American Airlines Group Inc must reduce its management and support staff by about 30 percent and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public on Wednesday.

All major US airlines have said they will need to shrink in the fall, once US government payroll aid that bans involuntary job cuts expires on Sept. 30.

Competitor United Airlines Holdings Inc has also said it will need to reduce its management and administrative staff by about 30 percent.

Despite the bailout and other liquidity raises, American must “plan for operating a smaller airline for the foreseeable future,” Executive Vice President of People and Global Engagement Elise Eberwein said in the letter.

Comments are closed.