European stocks are pointing to a mixed start amid a cautious mood in the market. Whilst economies across the region are gradually starting to reopen boosting optimism of an eventual return to normality, continues to tank unnerving investors.
Nervous Openings
Europe is gradually releasing virus curbs. Spain and Italy the two hardest-hit countries in Europe are due to lay out plans to loosen virus restriction as leaders are keen to get the economies back up and running. Italy could soon join countries such as Germany, Netherlands and Austria and allow Italians out onto the streets for the first time in weeks. However, the easing of restrictions comes with a heavy dose of weariness. The markets have managed an impressive run from mid-March’s low and the is now only 20% away from its all-time high. However, this tun higher has been based on optimism that economies can quickly reopen and return to some form of normality. The second wave of infection would smash that optimism and…
