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Relieved by the rebound in Petroleum After two days collapsing, the European markets closed in green this Wednesday, also encouraged by the incipient studies to find a vaccine against the coronavirus.
In Paris, the CAC 40 index rose 1.25% and closed at 4,411.80 points, while the FTSE 100 of the London Stock Exchange ended with a 2.30% rise, at 5,770.63 units.
The Frankfurt Stock Exchange also closed green, with its Dax index at 10,415.03 points (+ 1.61%), as well as that of Milan (+ 1.91%, at 16,765.28 units) and the Ibex-35 of the Parquet Madrid, which closed at 6,719.80 points (+ 1.28%).
“After two difficult sessions, the session was somewhat better”, especially thanks to the “attempt to stabilize oil prices”, although “the situation may continue to be complicated, since demand will not skyrocket overnight,” said Andrea Tuéni, analyst at Saxo Banque.
Oil continued to be the center of attention.
The rise of US WTI barrel price For delivery in June, on the first day of its use as a reference contract, it provided obvious relief, after two sessions marked by a foray into negative territory.
“The announcement of the first clinical trials of a vaccine against the new coronavirus in Germany they also played a positive role, ”said Tuéni, who nonetheless highlighted a“ certain prudence ”on the part of investors.
On Wednesday, Germany gave the laboratory its permission BioNTech to initiate human clinical trials for a coronavirus vaccine. In addition, clinical trials will begin in the UK on Thursday.
Investors are now waiting expectantly for the results of the telematic summit of the 27 leaders of the European Union, which next Thursday will explore possible ways to cope with the recession. Although, if the divisions in this regard persist, the decision making could be postponed.
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