European Daily Market Review 20.03.20

European markets largely rallied today with shares in France leading the region.

In Paris, CAC-40 added 6.00% while Germany’s DAX surged 5.6% and London’s FTSE-100 gained little more than 3%.

The Stoxx Europe 600 index soared 4.4% to 300.72 and was set to barely advance for the week after a string of volatile sessions.

This morning, the Bank of England removed its stress tests for the year for the eight major U.K. banks and building societies, a day after reducing interest rates for the second time this week alone.

Volvo Cars ceased its operations in its factories in Europe and the U.S. This comes in hand with the other major auto producers.

U.K. Prime Minister Boris Johnson supplied some optimism yesterday after reporting that son the U.K. could turn the tide against the coronavirus, in case the appropriate actions are taken.

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