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European Stocks Rise as Retail Frenzy Eases, Travel Shares Jump This content was published on February 2, 2021 - 17:17 February 2, 2021 - 17:17 (Bloomberg) European stocks rose for a second day as concerns about volatile retail trading receded, while optimism about summer vacations boosted travel and leisure shares. The Stoxx Europe 600 Index was up 1.3% at the close. Travel and leisure led gains among sectors after U.K. Prime Minister Boris Johnson said he’s “optimistic” people will be able to have summer holidays this year. Hotel operators Whitbread Plc, InterContinental Hotels Group Plc and Accor SA climbed. Shares of silver miners like Fresnillo Plc tumbled along with the price of the precious metal as a retail frenzy driven by Reddit traders eased. Earnings were also in focus, with BP Plc shares sliding 4.5% after the oil major’s fourth-quarter earnings fell short of expectations.

Seema shahAngela merkelStoxx europeJoe bidenBoris johnsonGamestop corpBp plcSenate republicansIntercontinental hotels group plcEuropean unionWhitbread plcFresnillo plcMinister boris johnsonPrincipal global investorsPresident joe bidenGerman chancellor angela merkel