Europe opens in green despite coronavirus

Tuesday, 24. March 2020 09:01

European markets kicked off trading on Tuesday in the green after the German Federal government agreed on a €750 billion emergency budget to curb the coronavirus effect on the largest European economy. Markit Economics is expected to report European and German monthly composite reports on manufacturing and services. Also, investors are waiting for the Chartered Institute of Purchasing & Supply to release data on British PMI.

Germany's DAX was 5.69% higher at 09:03 am CET. Infineon Technologies AG was the best performer rising by 10.83%. The FTSE 100 in London rose 1.70% at 09:02 am CET. BHP Group plc rose by 8.46%. The CAC 40 was up by 4.51% at 9:07 am CET with Publicis Groupe rising 9.49%

The euro increased 1.01% to 1.08375 against the dollar at 9:05 am CET.

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