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Global stocks mixed amid easing closure restrictions

Global stocks mixed amid easing closure restrictions

Global stocks were mixed during Monday's trading, as closing restrictions continued to ease around the world and more countries are prepared to reopen business once again.

As of 08:53 GMT, the Euro Stoxx 50 index dipped 0.10 percent to trade near 2,905.07 points.

German DAX 30 index fell nearly 0.22 percent and now settles near 10,882.54 points, while French CAC 40 reached 4,519.96 points, down 0.96 percent.

Britain’s FTSE 100 Index descended to 5,926.04 points, bringing its slump today to about 0.1 percent.

The fall in European equities comes despite market optimism as countries continue to gradually lift closure restrictions, seeking fast recovery from the devastating damage caused by the Covid-19 pandemic.

United Kingdom Prime Minister Boris Johnson announced preliminary steps to reopen the economy and public life.

Johnson said children could return to school as of June 1, but he said lifting restrictions would largely depend on data.

Meanwhile, shops will open in France from today, and schools for young children and nurseries are being reopened.

While some people are optimistic regarding the ease of lockdown measures, others are worries of a second wave of the virus outbreak that might strike countries after they have opened their economies.

As for economic data, Industrial production in Italy witnessed a 28.4 percent crash in March, following a 1.0 percent drop in February.

On the other hand, Asian stock indexes rose at the close of trading Monday, hitting the highest level in two months, as more countries prepare to reopen business.

In Japan, Nikkei 225 index ascended 1.05 percent to 20,390.66 points, the highest level since March 6, while the broader Topix index climbed 1.5 percent to 1,480.6 points, the highest close in two months.

In Hong Kong, the Hang Seng Index increased by 1.53 percent to 24,602.06, while the Shanghai Composite Index closed 0.19 percent down at 2,894.80.

Australia’s S&P/ASX 200 finished 1.30 percent up at 5,461.20, and South Korea’s Kospi index descended 0.54 percent to 1,935.40.

Meanwhile, the dollar index, which measures the performance of six major currencies against the US dollar, rose 0.36 percent at 100.12.

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