DJIA26281.82
LIVE11.93(0.05%)
NDX9629.66
LIVE-75.03(-0.77%)

European Markets Close Higher as Fed Unveils $2.3 Trillion Stimulus Plan


Thursday, 9 April 2020 23:31 WIB

EropaSaham EropaStoxx Europe 600


c_740_198_16777215_00_images_assets_EUROPE_0OR_20170831045814.jpg

European markets closed higher Thursday as investors digested the latest U.S. jobless data and a $2.3 trillion stimulus package from the Federal Reserve.

The pan-European Stoxx 600 closed up by 1.4% provisionally at 331.80 , with travel and leisure stocks jumping over 4% to lead gains as all sectors traded in positive territory. With no trade on Friday, due to the Easter holiday, the benchmark finished up over 7% on the week.

Jobless claims in the U.S. continued to surge amid the coronavirus shutdown, with 6.6 million Americans filing first-time unemployment claims in the week ended April 4, the Labor Department reported Thursday.

Economists were expecting an increase of 5 million after the record-shattering prior two readings of 6.6 million and 3.3 million. Economists forecast that the unemployment rate will jump into the teens this month, from March’s 4.4% level and the 3.5% in February.

Source : CNBC


RELATED NEWS

  • The S&P 500 lost ground on Thursday as investors took profits in advance of Friday's jobs report, ending a four-day rally driven by rising economic sentiment. The Nasdaq joined the S&P 500 in...
  • U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.