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Stock impact report

European shares gain on oil rebound, hopes of stimulus [Reuters (UK)]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Reuters
European shares gain on oil rebound, hopes of stimulus - Reuters 4 Min Read (Reuters) - A rebound in oil prices and hopes of more stimulus lifted European shares on Wednesday, even as investors remained cautious about a swift recovery as more companies issued worrying financial forecasts. The pan-European STOXX 600 index finished up 1.8% after tumbling more than 3% on Tuesday following a historic collapse in oil prices. Oil prices rose on the prospect of pledges of extra output cuts, and optimism from the recovery spilled in to most other commodity markets. BP Plc ( BP.L ) and Royal Dutch Shell ( RDSa.L ) along with France’s Total ( TOTF.PA ) surged between 4.8% and 6.8%, helping the regional energy index .SXEP make up most of its losses this week. Along with a more than 3% jump in global miners BHP ( BHPB.L ) and Rio Tinto ( RIO.L ), London's FTSE 100 .FTSE surged 2.3%. Italy's main index .FTMIB ended 1.9% higher after Prime Minister Giuseppe Conte said Italy is likely to s Show less Read more
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