Investors are shrugging off the pessimism and willing to focus on more positive things. Germany has drawn a plan to ease off the lockdown restrictions and traders are optimistic about this development.
Having said this, European markets aren’t trading higher with bigger margins, we are only seeing some small gains, and it is likely that as the trading resumes, these small gains may disappear because of the selling pressure on the energy sector.
The US markets were under the influence of earnings season yesterday, and that drove the markets lower. Inferior prices didn’t help market sentiment. However, investors are looking beyond this, and they are hoping for a better future given the fact that major countries such as China have already hit their peak in the Coronavirus crisis. Also, there were no signs of major chaos after the lockdown restrictions eased off in countries such as Austria and Denmark.
Over in the U.K., it is expected…