The pan-European STOXX 600 index finished up 1.1 per cent, holding at highest level since March 9 even as trading activity was dulled by market holidays for Germany, Switzerland, Denmark and Norway.— Reuters pic
Growth-sensitive sectors beaten up by the coronavirus crisis led the gains, with travel & leisure jumping 3 per cent, while banks, miners and oil & gas companies rose between 2 per cent and 2.6 per cent. “The current beta rotation is helping the overall market through increased breadth,” analysts at J.P.Morgan Cazenove note.
China has told state-owned firms to halt purchases of soybeans and pork from the United States, sources told Reuters.
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