European shares near 11-week high, UK stocks surge

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The pan-European STOXX 600 (STOXX) rose 1% by 0708 GMT after hitting its highest level since March 10.

Returning from a bank holiday, UK’s FTSE 100 (FTSE) surged 1.9% as Prime Minister Boris Johnson said on Monday Britain will reopen thousands of high street shops, department stores and shopping centres next month.

Aston Martin (L:AML) soared 24.8% after the UK luxury carmaker confirmed that Tobias Moers, CEO of Mercedes-AMG, would become its chief executive officer.

Wall Street futures also rallied 2%, as hopes of further policy support and improving economic data fuelled hopes of a faster economic recovery from the coronavirus pandemic.

Paris-headquartered shopping centre operator Klepierre SA (PA:LOIM) jumped 6.7% after saying it had reopened 80% of its European malls and hopes to reopen 90% of them within 10 days.

French carmakers Renault SA (PA:RENA) and Peugeot SA (PA:PEUP) jumped nearly 4% as President Emmanuel Macron said support for the hard-hit car sector will be “massively amplified”.

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