European stocks open higher after $50 billion IMF pledge to fight virus
Thursday, 5 March 2020 15:20 WIB | MARKET UPDATE |Indek stoxx europe 600

European stocks opened higher Thursday as markets react positively to a $50 billion pledge from the International Monetary Fund (IMF) to tackle the coronavirus outbreak.

The pan-European Stoxx 600 bounced 0.7% at the start of the session, with financial services climbing 1.3% to lead gains as all sectors except basic resources entered positive territory.

Stocks in Asia traded higher Thursday, booted by their U.S. counterparts with the Dow Jones Industrial Average soaring more than 1,100 points Wednesday. Major primary victories for former Vice President Joe Biden during Super Tuesday sparked a massive rally within the health-care sector.

Source: CNBC

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