On Monday, the European stock indices were positive. They continued to show growth, the reason for which was good economic news after the release of their quarantine measures. The Stoxx 600 benchmark index rose 1.9% and hit 334.80. The German DAX index went even further and added 2.6%. The FTSE 100 was also not far behind, with an increase of 2% amid a worsening depreciation of the British pound.
In a number of European countries, the economy is starting to come to life. So, in Italy, many shops, restaurants and beauty salons have resumed their work at the beginning of the week. On the other hand, Spain and France turned out to be more restrained in this regard, they took the path of gradually lifting quarantine measures, because there are still fears about the second wave of the coronavirus pandemic.
According to analysts, the European economy in April, although did not reach the bottom, came close to it. In this regard, it is extremely important to move, albeit slow, to be able to recover lost positions.
But it is not without pessimism. The statistics regularly coming from most states become true evidence of the deepest recession into which Europe has plunged. Thus, the risks of long-term damage become only higher and more significant, which, in turn, may adversely affect the recovery process itself.
Regulators received a signal about returning to normal life and the possible removal of restrictions on short sales, which were adopted on the market in March against the backdrop of a panic.
As for the Asia-Pacific region, here, first of all, news from Japan should be noted. According to the latest data, the first quarter of the year will pass with negative values. The third economy of the world is slowly plunging into a recession, which could become the largest in the post-war period.
However, corporate news reflects a general positive. Thus, Total's securities increased their value by 6.2%. The competing companies BP and Royal Dutch Shell also showed significant success - 5.9% and 3.9% growth, respectively. And given that the cost of crude oil continues to grow, it can be assumed that this rise in companies will not be the last in the near future.
At the same time, Accor shares were 3.4% higher. Ryanair Airlines immediately increased 8%, although this year its passenger flow decreased by 20% amid a pandemic.
The largest German company Thyssenkrupp added 5%. The Blackrock Mining Fund increased by 7.4%, while its industry colleagues BHP Group, Rio Tinto and Glencore show an increase of 5.4%, 5.1% and 5.1%, respectively. The greatest success was achieved by companies engaged in gold mining. So, FTSE 100 Fresnillo shares began to cost 8.9% more, and Hochschild Mining rose above 10%. Meanwhile, the producer of platinum and palladium managed to achieve a slightly smaller rise. Johnson Matthey shares rose 2.4%.
But not only the mining industry is experiencing success. Food chains from Great Britain Restaurant Group and Greggs also significantly increased by 5.3% and 4.5%.
In general, the situation in the stock markets was quite favorable for further growth on Monday.
