After a day on Thursday that will be remembered by investors as one of the worst days in stock market history, European stock markets are trying to recover this Friday. But it will probably not be easy as the mobilization of governments and central banks leaves investors hungry.
At the opening, the European stock exchanges resume colors: the CAC 40 rebounds by 4.70%, to 4,234.37 points. The DAX in Franfort climbs 3% while the FTSE in London takes 6%. Conversely, the Asian markets have again unscrewed: Tokyo yielded more than 6% at the close after losing up to 10% during the session.
Oil prices in the green
It remains to be seen whether the prices on the European markets will continue. The crash of the previous day was triggered by announcements from the Central Bank of the ECB, which the markets considered disappointing. “Investors are little reassured by the emergency economic measures of the central banks,” said John Plassard, investment specialist at Mirabaud. The coronavirus crisis is turning into a crisis of confidence ”.
The breakage could be limited by the fact that oil prices seem to be regaining some ground, even if they are preparing to end their worst week since the financial crisis of 2008. This Friday, in fact, the barrel of Brent regains 3 , 85% to 34 dollars, while that of the American WTI gained 4.03% to 32.77 dollars.
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