Two Fifteen

Two Fifteen – 8 April 2020

EU equities are having a pause for breath today after EU finance ministers failed to agree on a plan to support the economy. We probably saw it coming after the wobble yesterday afternoon so is this the end of a bear market bounce? All indices have been trading in the red since the open but encouragingly volumes have been low as well (the SXXP is currently trading -37% and -39% below its 1d and 30d AVAT respectively). Feels like investors have taken a well earned moment to digest the latest macro and company updates ahead of the Easter break.

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