Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

European shares bounce for second day on stimulus hopes

Published 20/03/2020, 09:27
© Reuters.
IT40
-
STOXX
-
SXEP
-
SX7P
-
SXTP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
March 20 (Reuters) - European shares jumped for a second
straight session on Friday, as a wave of fiscal and monetary
stimulus tempted investors back into equity markets after days
of selling on signs the world was heading into a deep,
coronavirus-driven recession.
The pan-European STOXX 600 index .STOXX was up 4.9% at
0814 GMT and on course to erase the entire week's declines.
Travel and leisure stocks .SXTP jumped 7.6% in a surprise
move, leading gains among the major European subsectors, while
energy firms .SXEP added 7.3% on the back of a recovery in oil
prices. O/R
Bank stocks .SX7P jumped 4.2% from their lowest in three
decades after the UK's central bank joined its European peers in
suspending stress tests for 2020. Still, the STOXX 600 was on track for its worst month since
October 1987 as the rapidly spreading coronavirus forced several
nations in the bloc to impose a lockdown.
Italian shares .FTMIB lagged other major stock markets as
the death toll from COVID-19 in the country overtook that of
China, where the disease first emerged late last year.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.