Europe opens in green amid COVID-19 development

Tuesday, 17. March 2020 09:00

European equities started trading higher on Monday following new development regarding the coronavirus vaccine. The first human trial to evaluate a candidate vaccine against the new coronavirus has begun in Seattle yesterday, raising hopes in the global fight against the disease.

Meanwhile, investors are looking upon the data to be released. UK National Statistics will release the ILO Unemployment Rate while Eurostat will put out Europe construction output data. The Zentrum für Europäische Wirtschaftsforschung will report the data on the Economic Sentiment of the European Union and Germany as well.

The FTSE 100 rose 2.52% as the session in London kicked off. Melrose Industries Plc was the best performer jumping by 7.37%. The DAX jumped 4:47% at 9:03 am CET with Covestro AG growing by 5.70%.In Paris, the CAC 40 added 3.22% at open with Bouygues rising 6.39%.

The pound fell 0.25% against the dollar, buying 1.22394 at 9:06 am CET, while the euro was falling by 0.38% against the greenback, going for 1.11413 at 9:07 am CET.

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Breaking the News / TF