Carnival's Adonia cruise ship arrives from Miami in Havana, Cuba (AP)
Travel stocks were among the biggest risers in the City today as investors took heart from China having no new deaths for the first time since Covid-19 emerged in December.
The FTSE 100 rose by 122.06 points, or 2.2% to 5704.45, and other major global indices were also ahead.
Germany’s Dax and France’s Cac 40 were up by 2.8% and 2.1% respectively, while in the US the Dow Jones was ahead by 2.8% by the London market close.
Brent crude was down slightly, at $32.93 per barrel, as traders waited for crunch oil production talks between Saudi Arabia and Russia tomorrow.
Shares in cruise operator Carnival surged more than 22% to 874.8p after it raised £2 billion in a fundraising exercise. The sovereign wealth fund of Saudi Arabia now has an 8.2% stake in the business.
Budget airline easyJet was up more than 15% at 635.8p following Monday’s news it had secured a £600 million UK Government loan and was to borrow a further £406m from commercial creditors.
Cinema chain Cineworld topped the FTSE 250 risers’ board, ending the session nearly 50% higher at 59p after it revealed the steps it is taking to survive the coronavirus pandemic.
