This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG4A0LN_L.jpg
The pan-European STOXX 600 (STOXX) rose 0.5% by 0718 GMT, adding to slim gains made so far in May.
Britain’s FTSE 100 (FTSE) rose 0.8% after Prime Minister Boris Johnson said on Sunday the lockdown would not end yet but encouraged some people to return to work.
France is also set to cautiously lift coronavirus-induced restrictions. However, Germany saw a spike in cases just days after its leaders eased the lockdown.
Germany’s DAX (GDAXI) still rose as payments company Wirecard (DE:WDIG) jumped 10.8% after announcing a reshuffle of its management board amid allegations including accounting irregularities and disclosure violations, which it denied.
Italian shares (FTMIB) gained 1.2% in relief that Moody’s (NYSE:MCO) spared the country of a rating downgrade on Friday, but DBRS Morningstar cut Italy’s trend to “negative” from “stable”, citing uncertainty over the economic repercussions stemming from the outbreak.
