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European Markets Close Lower as The Euro Zone Business Activity Plunges to Record Low


Friday, 3 April 2020 23:16 WIB

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European markets closed lower on Friday, bringing an end to another rocky week of trading amid the deepening coronavirus crisis.

The pan-European Stoxx 600 ended down almost 1% at 309.06, with oil and gas stocks sliding 4.6% to lead losses, while healthcare stocks bucked the trend to climb 0.8%.

Friday saw a slew of harrowing March PMI (purchasing managers' index) data out of the euro zone, as the economic impact of shutdowns necessitated by the pandemic continues to deepen.

The number of confirmed cases of the coronavirus worldwide surpassed 1 million on Thursday night, resulting in more than 53,000 deaths so far. Spain surpassed the total number of confirmed COVID-19 infections in Italy on Friday, according to data compiled by Johns Hopkins University, putting it second only to the U.S. for worldwide coronavirus cases.

Source : CNBC


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