Europe’s STOXX 600 reaches highest level on global recovery optimism

06.04.2021 - Kulakov Vladimir
Europe’s STOXX 600 reaches highest level on global recovery optimism

As efforts for fiscal stimulus and speedy inoculation programs in the European Union are heightened, investors were quick to bet on a fast global economic recovery resulting in Europe’s benchmark equity index STOXX 600 hitting a record high on Tuesday.

 STOXX 600 advanced 0.9% at 436.16 points to surpass its previous life-high of 433.90 points set in February 2020. Europe’s benchmark equity index has soared more than 60% from virus-induced lows hit last year.

The German DAX improved 1.0%, adding to its latest record-setting rally. France’s CAC 40 gained 0.8%. UK’s FTSE 100 edged up 1.3%.

Swiss bank Credit Suisse added 0.4% following previous losses last week as it publicized a 4.4 billion Swiss francs ($4.7 billion) estimated loss from its relationship with Archegos Capital Management.

Across the Atlantic, main indexes in Wall Street also posted all-time highs on Monday fueled by strong U.S. labor market data and upbeat figures of the services sector. The raise signified a boosted mood among investors despite a global rise in coronavirus cases.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?