4/7/2020, 5:31 PM (Source: TeleTrader)
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Europe closes with strong gains on virus slowing hopes

Markets in Europe closed significantly higher on Tuesday on hopes the coronavirus epidemic has reached its peak in many countries and is showing signs of slowing down.

The FTSE 100 jumped 2.06%. The best performer was Carnival, whose stock skyrocketed 22.18%.

The DAX ended the session 2.79% in the green as MTU Aero Engines, Deuitsche Bank, Infineon and Linde all soared over 5%.

The CAC 40 rallied 2.12%. Unibail-Rodamco led the gains as its shares jumped 16.83%.

The euro rose 0.83% against the dollar to sell for 1.08810 at 5:32 pm CET and the pound gained 0.85% compared to the US currency to go for 1.23353 at the same time.

Baha Breaking News (BBN) / NP