In efforts to jump-start the rapidly declining economy, the US and Germany plan to reopen their markets.
However, the IMF reports an expected shrink of 3% in the global economy before it grows by 5.8 % the following year.
Emotions of respite follow as STAT news reports positive recovery of Coronavirus patients in Chicago who were being treated with Remdesivir.
Late morning today showed the pan European Stoxx 600 increase by 3%. It also indicated a 6.3% jump in travel and leisure stocks.
Even though China’s economy saw a setback of 6.8% in the first quarter, overall Asian stocks showed considerable growth on Friday noon with South Korea’s Kospi index leading by 3%.
Euro-zone inflation slowed drastically to 0.7% year on year in March. It was 1.2% last February.
Meanwhile, Cineworld stocks increased to more than 13% leading the travel and leisure sector. But things don’t look so well for Italy’s Diasorin as its shares fall by 8.5%.