European stock markets open firmer

Mar 11, 2020: European stock markets opened higher Wednesday, taking direction from a strong Wall Street overnight even though Asian bourses faltered as the coronavirus crisis continued to undermine sentiment.

Dealers said apparent progress in curbing the outbreak in China, the virus epicentre, is in the balance against alarm at the rapidly increasing number of cases in Europe and the US.

In early trade, London's FTSE 100 index of leading shares was up 1.98 percent at 6,076.73 points.

In the eurozone, the Frankfurt DAX added 1.78 percent to 10,657.34 points and in Paris the CAC 40 jumped 1.72 percent to 4,716.22 points.

AFP/APP

Posted on: 2020-03-11T13:49:00+05:00

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