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The European index reached a record high on Tuesday, April 6, to compensate for all the losses incurred by the pandemic as investors bet on a rapid global economic recovery, stimulated by massive stimulus spending and immunization campaigns against Covid-19.
European dealers returned to the market after a long holiday to push the European Stoxx600 index up 0.9% to 436.16 points, surpassing its previous highs of 433.90 points, which it hit in February 2020. The index rose more than 60% from its low levels reached last year due to Virus.
The German DAX index added 1% to cement its recent record rise. The French CAC40 index rose 0.8% and the British FTSE100 index jumped 1.3%.
The main index of Wall Street reached its highest levels ever, Monday, after data indicating a strong recovery in the US labor market and service sector activity, which contributed to improving investor sentiment even with the increase in Coronavirus infections globally.
Credit Suisse rose 0.4% after sharp losses suffered by the Swiss bank last week, as it reported an estimated loss of 4.4 billion Swiss francs ($ 4.7 billion) due to its relationship with Arcijus Capital Management.
