European Daily Market Review 23.03.20

European markets are into a mixed path today.

The German DAX soared 0.04%, while the British FTSE-100 and the French CAC-40 dropped 1.29% and 0.15%, accordingly.

The European Watchdog recommended keeping the markets running, which is essential for the economies.

The E.U. regulator stated that keeping markets open amid the coronavirus outbreak is vital for economies and the whole financial systems.

Functioning markets will allow investors to react to new information about the pandemic and adjust their portfolios accordingly, according to Steven Maijoor, chairman of the European Securities and Markets Authority.

London Stock Exchange Group Plc demands annual company meetings to be held over the web this year.

Egypt’s main stock index rallied most after the Egyptian central bank would support the bourse to the tune of 20 billion Egyptian pounds ($1.3 billion).

The EGX30 index jumped almost 7%, just after opening Monday in Cairo, marking an increase of 5.9% during the previous session.


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