as WHO says virus outbreak not a global emergency yet European shares rebound
IHS Markit's flash Purchasing Manager's index (PMI) readings for France, Germany, Britain, and the euro zone are due later today.
European stocks rebounded on Friday morning after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a “global emergency” yet.
The Stoxx 600 rose 0.8% in early trade, with all sectors and major markets in the green. Germany's DAX rose the most among regional peers, lifted by gains in Bayer after a report on a possible out-of-court settlement of a US jury trial over allegations that its weed killer Roundup causes cancer.
A recent new coronavirus outbreak in China has sparked major fears among investors who were reminded of the SARs pandemic in 2003, however, WHO said that it is not still a global concern.
Meanwhile, the European Central Bank launched a major policy review on Thursday, which will assess the calculation and feasibility of the central bank’s key inflation target and methods used to achieve it. The ECB kept rates unchanged, however, ECB President Christine Lagarde struck a slightly more dovish tone than markets were expecting in a press conference.
IHS Markit's flash Purchasing Manager's index (PMI) readings for France, Germany, Britain, and the euro zone are due later today.
Meanwhile, Asian markets ended slightly higher today, with the Hang Seng rising 0.15%, the Nikkei 225 up 0.13%. However, the Shanghai Composite lost 2.75%.
The Stoxx 600 rose 0.8% in early trade, with all sectors and major markets in the green. Germany's DAX rose the most among regional peers, lifted by gains in Bayer after a report on a possible out-of-court settlement of a US jury trial over allegations that its weed killer Roundup causes cancer.
A recent new coronavirus outbreak in China has sparked major fears among investors who were reminded of the SARs pandemic in 2003, however, WHO said that it is not still a global concern.
Meanwhile, the European Central Bank launched a major policy review on Thursday, which will assess the calculation and feasibility of the central bank’s key inflation target and methods used to achieve it. The ECB kept rates unchanged, however, ECB President Christine Lagarde struck a slightly more dovish tone than markets were expecting in a press conference.
IHS Markit's flash Purchasing Manager's index (PMI) readings for France, Germany, Britain, and the euro zone are due later today.
Meanwhile, Asian markets ended slightly higher today, with the Hang Seng rising 0.15%, the Nikkei 225 up 0.13%. However, the Shanghai Composite lost 2.75%.
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