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MarketWatch reports “Rally continues in European stocks on coronavirus hopes as pound recovers from Johnson hospitalization”

MarketWatch reports “Rally continues in European stocks on coronavirus hopes as pound recovers from Johnson hospitalization”10 and 10 euro on black leather wallet



 European stocks climbed for a second day as traders focused on data showing that the growth rate of the coronavirus spread is slowing.
Up 3.7% on Monday, the Stoxx Europe 600 SXXP, -0.61% climbed 2.2%, and the German DAX DAX, -0.53%, French CAC 40 PX1, -0.99% and U.K. FTSE 100 UKX, -0.89% also jumped.
The Dow Jones Industrial Average DJIA, -0.11% shot up 1627.46 points, or 7.73%, on Monday, and futures on the blue-chip index YM00, 1.01% rose another 600 points.
Beaten-up stocks from the pandemic surged. Movie-chain operator Cineworld Group CINE, -0.20%, which halted its dividend, jumped 44%, and cruise-ship operator Carnival CCL, 0.62% climbed 23%. Both companies have dropped 78% this year.

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Two of Europe’s better-performing stocks this year struggled, with diagnostics-test maker bioMerieux BIM, -0.48% and prepared-food-kit maker HelloFresh HFG, 5.77% retreating.
The stock market gains came as the global growth rate of coronavirus cases continued to slow, to 5.8% from 6%, according to data from Deutsche Bank, while the U.S. growth rate did edge back up to 9% from 8.2%. Still, that is the second straight day of sub-10% growth in the U.S. The news on the virus front wasn’t entirely positive, as Japan declared a state of emergency in seven prefectures.
As the virus outbreak continues, U.S. lawmakers are considering another stimulus package that could be worth more than $1 trillion, according to The Washington Post.
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