Day: June 1, 2020

GLOBAL MARKETS-Europe cheers super-sized stimulus plan, U.S.-China tensions simmer

* EU stimulus drives shares up for fourth straight day

* Euro perched at 2-month high

* Yuan, Hong Kong shares hit by rising U.S.-China tensions

* Oil markets slip after recent rebound

By Marc Jones

LONDON, May 28 (Reuters) – European shares rose for a fourth straight session on Thursday and the euro perched at a two-month high, as businesses returning to work and a 750 billion euro EU stimulus plan outweighed rising U.S.-China tensions.

Asian markets were subdued overnight after U.S. Secretary of State Mike Pompeo warned Hong Kong no longer warranted special treatment under U.S. law, but there was no stopping Europe.

Traders diving back into the markets after Wednesday’s EU plan to prop up the bloc’s coronavirus-hit economies pushed the region-wide STOXX 600 index up more than 1% to a fresh 11-week high, led by a 2% jump in travel & leisure stocks .

The euro

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