Stock markets rally as bargain hunters jump in

27.06.2022

European shares jumped on Friday with investors hunting for bargains, although Italian oilfield services outfit Saipem crashed after warning that it needed to raise cash urgently.

The pan-European Stoxx 600 index rose 2.62% to 412.93, with all major bourses higher and French, Italian and Spanish stocks higher for the week.

Britain's FTSE...