European stocks jump, corona mortality slows


European stocks rebounded on Monday, as a slowdown in Corona virus deaths in France and Italy raised hopes that sweeping public closures may be paying off.
The pan-European STOXX 600 index rose 2.9% at 0707 GMT, after closing down on Friday for the sixth week in seven weeks, as companies’ activities ceased due to the press crisis.The Italian and French exchanges jumped 3.5 and 3.4%, respectively, as the data showed the lowest number of deaths in Italy in more than two weeks yesterday, Sunday, while the number decreased in France and the new intensive care cases in hospitals slowed.

Stokes 600 has lost more than $ 3 trillion of market value since February, as a slowdown in economic activity pushed many sectors to the brink of collapse, forcing companies to suspend dividends and stock repurchases to boost liquidity.

British aircraft engine maker Rolls-Royce canceled its final distribution today, but its shares jumped 5 percent after it said it had raised 1.5 billion pounds ($ 1.8 billion) in additional reserves to weather a potentially prolonged slowdown.


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