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According to French Finance Minister Bruno Le Maire, the government has prepared a youth employment support plan and an incentive plan that outlines tax cuts for companies in August.
This week, the EU leaders will meet to discuss the seven-year budget of the eurozone, as well as the creation of an incentive fund worth €750 billion.
Thanks to increasing sales of coronavirus tests, Novacyt shares rose by 2.4%. Also, Credit Suisse can boast of a 1.1% climb in its shares. Moreover, the British military company reported an increase in shares of 8.5%.
However, not everyone is doing well. So, Ubisoft Entertainment SA shares fell by 8.1% due to allegations of misconduct. At the same time, the retail chain boohoo.com lost 13% of its shares.
Despite the fact that green light is visible in Europe, Covid-19 continues to spread around the world and take lives of people. A record 230,370 new cases were reported on Sunday. Florida broke the record high in the number of new infections per day. More than 15 thousand people were tested positive for the coronavirus in one day.
Meanwhile, oil prices are falling again. Soon, a meeting of OPEC technical specialists will be held. They are expected to recommend cartel members to adhere to the recovery schedule as demand grows.
WTI oil futures fell by1.2% to trade at $40.05 per barrel, as well as Brent oil dropped by 1.1% to $42.77 per barrel.
Gold futures rose by 0.4% to $1,808.65 per ounce, while EUR/USD advanced by 0.2% to trade at 1.1322.
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