Eurozone annual inflation in April was 0.3%, the lowest level in nearly four years, while UK inflation fell below 1% to its lowest in nearly four years.
German- and French-led plans for a 500 billion euro EU coronavirus recovery fund and EU Commission recovery fund idea will be presented next week.
Nations’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession, although economic recovery has still a long way to go.
As the threat of a second wave of coronavirus infections rattled investors, markets also weigh trade tensions between the United States and China.
A warning from the World Health Organization that the coronavirus may never go away stoked investor recovery fears regarding the global economy.