European markets attempt to rebound after global rout amid oil, virus fears
Tuesday, 10 March 2020 15:20 WIB | MARKET UPDATE |Indek stoxx europe 600

European markets opened higher Tuesday after stocks on Wall Street saw their worst day since the 2008 financial crisis in the previous trading session.

The pan-European Stoxx 600 jumped 1.3% in early trade, oil and gas stocks recovering 3.4% to lead gains as all sectors and major bourses entered positive territory.

The move comes after markets around the world tanked Monday as global investors braced for the spread of the coronavirus and oil prices fell after the collapse of OPEC talks.

In the U.S., the Dow Jones Industrial Average plummeted 2,013.7 points in its worst day since 2008, while the S&P 500 plunged 7.6% in Monday™s session. Trading was halted for 15 minutes after the S&P 500 sank 7% at the open.

Source: CNBC

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