Almost all the major European country bourses were trading higher, with sentiment also lifted by data showing a smaller-than-expected decline in China's exports and imports. Analysts, however, warned a sure-footed recovery was months away.
Although the index remains 22.5 per cent below its mid-February record highs, Europe's volatility gauge has steadily declined since hitting a record high mid-March and is now at levels last seen in 2015. "Even though there will be a recession in earnings and they might fall even more than during the financial crisis, they will also bounce back much quicker," said Simona Gambarini, markets economist at Capital Economics.
Health care stocks were among top gainers across European subsectors, with AstraZeneca surging 6.8 per cent after saying it would start a clinical trial to assess the potential of Calquence in the treatment of severe Covid-19 patients.
Source: News Formal (newsformal.com)
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