Rolling coverage of the latest economic and financial news, as European stock markets hit five-month highsLatest: German DAX index up for the year!How the DAX reboundedIntroduction: Brussels breakthrough and vaccine testsFull story: EU leaders agree €750bn Covid-19 recovery plans Coronavirus – latest updatesSee all our coronavirus coverage 2.46pm BST Wall Street has joined the rally, with the Nasdaq index hitting yet another record high in opening trading.The tech-heavy Nasdaq composite index gained 0.7% at the open…. although it’s then dipped back a little.Stocks open higher as European leaders agree to stimulus, earnings season rolls on-Dow adds 184 points, 0.7%-S&P 500 up 20 points, 0.6%-Nasdaq opens about 71 points higher, up 0.7%#DOW #US30 #SPX500 #NASDAQ #MarketWatchThe virus data in the US suggests coronavirus cases are peaking, California, Florida, Georgia and North Carolina showed meaningful declines…..The case curve seems to be flattening and hospitalizations continue to trend lower. President Trump also reversed his stance on masks and tweeted an image of himself wearing a face mask and indirectly called it patriotic. Over half of the US has mandatory mask orders in place. Trump’s troubling poll numbers have created a sense of urgency in changing the narrative so it is no surprise he is also bringing back his 5pm coronavirus task force briefings. 2.28pm BST In another step towards normality, fast food chain McDonald’s will reopen around 700 dine-in restaurants across the UK from Wednesday.My colleague Rebecca Smithers has the details:Food will be served by table service only with customers able to order directly via the My McDonald’s app, at the till or kiosk. Diners will also need to leave their contact details – using their phone to scan a QR code or visiting a dedicated webpage – in line with government guidance.The fast food giant said its restaurants will also be taking part in the “Eat Out to Help Out” scheme from the chancellor when it starts next month. Related: McDonald’s reopens 700 dine-in restaurants in UK MCDONALD’S UK SAYS OVER 700 RESTAURANTS WILL REOPEN FOR DINE-IN WEDNESDAY, ACROSS UK AND IRELAND Continue reading…
Via: German stocks turns positive for 2020 as EU recovery deal rally cheers markets – business live
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