The shares of travel and technology companies increased, helping to offset the decrease in shares of luxury goods impacted by the Chinese market. European markets closed today, Monday, at their best levels in more than seven weeks.
The European Stoxx 600 index gained 0.3%, adding to its gains after rising for a third consecutive week.
The increase in Filter Entertainment and Rayyan Air shares paid 4.2% and 3.3%, respectively.
8%, respectively, the shares of European tourism and travel companies to the highest level in about three months, and the sector index closed up 1. 6%.
Shares of luxury goods manufacturers in Europe, such as LVMH, Berno Ricar, and Hermel International, fell by 0.7% to 1.5%.
While Chinese health officials have reaffirmed their commitment to rigorous closures to combat “Kovid-19,” there are other signals that the Cofide closure is about to expire. Chinese leaders are considering easing the strict restrictions that have been in place for almost three years.
A study released on Monday revealed an improvement in investor sentiment in the eurozone in November, which reflects anticipation for changing weather patterns and a drop in energy costs without the need to reduce gas usage on the continent this winter.
Europe shares are at their best level in seven weeks thanks to outstanding travel and tourism sharing
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