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European Equities: A Week in Review - 23/05/20

The Majors It was a bullish week for the European majors in the week ending 22nd May. The DAX30 rallied by 5.82% to lead the way, with the CAC30 and EuroStoxx600 gaining 3.90% and 3.63% respectively. Economic data took a back seat once again, as the markets continued to focus on the ongoing easing of lockdown measures. Across the most affected EU member states, the downward trend in new cases continued, in spite of the easing of confinement measures. It wasn’t plane sailing, however, with rising tensions between the U.S and China weighing on risk appetite in the week. Ultimately, however, the markets have lived through Trump’s negotiation styles before. Actually ousting Chinese companies from U.S exchanges would have significant implications… Let’s not forget th...