European stock indexes continued to rise at the close of trading today. The increase comes due to the impact of China's easing of restrictions to combat the emerging coronavirus (Covid-19) during the coming period, and the increase in optimism in the recovery of the second largest economy in the world. The European "Stoxx 600" index increased by 0.1 percent, while the stock index in Germany rose by 0.4 percent, and the shares of "LVMH, Kring and Richemont" luxury goods and those exposed to China rose between 1.7 and 2.4 percent. percent, while energy sector shares rose by 0.4 percent, as oil prices jumped, amid hopes for a recovery in demand in China. Earlier today, the Stoxx 600 index had risen 0.6 percent after the weekend. Mining companies rose 1.2 percent and energy shares rose 1.4 percent, while LVMH shares rose 1.9 percent. and Kering 1.3 percent. China announced its intention to cancel all quarantine requirements for incoming visitors, as part of a new easing of restrictions imposed on its borders nearly three years ago to curb the pandemic. It is worth mentioning that the Stoxx 600 index has lost more than 12 percent since the beginning of the year and is heading to record the worst annual performance since 2018, amid fears of an economic recession, due to the tightening of monetary policy by central banks worldwide.
