09.04.2020 EURO STOXX 50 Daily Analysis

09.04.2020 EURO STOXX 50 Daily Analysis

Today EURO STOXX 50 is trading at $ 2,896.88 (+1.60%). European stock markets gained for a fourth straight day on Thursday on hopes the coronavirus pandemic was close to peaking, with investor attention also focused on a meeting of European Union finance ministers to discuss an economic rescue package. The pan-European STOXX 600 index was up 1.2% at 0702 GMT, with battered travel and leisure stocks, autos and miners leading early gains. The benchmark index has rebounded more than 5% this week and recouped about $1.7 trillion in market value since hitting an eight-year low in March but is still about 24% below its record high, as sweeping lockdown measures crush business activity and spark mass layoffs.