SLOVENIA
Govt expected to adopt new corona stimulus package
The government is expected to adopt the second set of measures aiming to mitigate the crisis brought on by the coronavirus epidemic and amend the first package in a session Tuesday afternoon. After a EUR 3 billion stimulus package has been passed, a package worth EUR 2.8 million is in the works aiming to help companies preserve liquidity. (STA)
INTERNATIONAL MARKETS
Dow drops more than 500 points into the close after historic plunge in oil prices; European markets close slightly higher amid sliding US oil prices; BELEX closed on Monday
Stocks fell sharply to start the week on Monday after a historic decline in U.S. crude prices. The market was coming off its first back-to-back weekly gains in more than two months. The Dow Jones Industrial Average traded 552 points lower, or 2.3%. The S&P 500 slid 1.8%. (Click here for the latest market news.) Boeing fell more than 7% to lead the Dow lower while Chevron and Exxon Mobil dropped more than 4% each. Energy and utilities were the worst-performing sectors in the S&P 500, falling more than 3% each. The Nasdaq Composite was down 0.5% as gains from stay-at-home plays offset other losses. Amazon and Netflix rose 2.2% and 4.8%, respectively, while Roku climbed more than 6%.
European stocks closed slightly higher on Monday as global coronavirus developments and a fall in U.S. oil prices were in focus. The pan-European Stoxx 600 pared earlier losses to close 0.4% higher provisionally, with sectors and major bourses mixed. Health care stocks saw the biggest gains, up 1.8%, while autos slipped 1%.
Looking at individual stocks, Italian hearing aid manufacturer Amplifon added almost 11% to lead the European benchmark, followed by Danish health care equipment manufacturer Ambu, which climbed almost 8%.
Philips was up more than 6% after the Dutch health technology company said it expected to return to growth in the second half of the year. (CNBC, Ilirika)
