29.04.2020 CORONAVIRUS UPDATE Dialy Analysis

29.04.2020 CORONAVIRUS UPDATE Dialy Analysis

The coronavirus cases globally have reached 3,139,523 with 218,024 people that passed away and 959,224  people that have recovered so far. France and Spain announced yesterday that they were going to ease down the restrictions that were imposed because of the Coronavirus and the Prime Minister of France went on saying that after 11 May most shops will reopen excluding restaurants, bars, and beaches. In France, work from home will also continue and each phase of lockdown will be on trial for three weeks. Pedro Sanchez reviewed a four-phase easing plan for the lockdown in Spain with each phase lasting two weeks. These few moves that have taken place actually had a positive impact on the stock market. The Stoxx Europe 600 SXXP index has climbed more than 20% from its March lows and  S&P 500 SPX  has jumped 29% from its depths in March.