European stocks fizz higher at open

Global Stocks rally on strong jobs data

April 17, 2020: Europe's stock markets rallied in opening deals Friday on news that China's economy has not been hit as badly as feared by the deadly novel coronavirus outbreak.

          The sentiment was also bolstered by overnight Wall Street gains after US President Donald Trump laid out guidelines for a gradual reopening of the economy.

         In initial European deals, London's benchmark FTSE 100 index of major blue-chip companies was up 2.5 percent at 5,770.27 points.

          In the eurozone, Frankfurt's DAX soared 2.9 percent to 10,596.28 points and the Paris CAC 40 rebounded 2.6 percent to 4,464.21.

          Milan's FTSE Mib advanced 2.4 percent to 17,167.43 and Madrid's IBEX 35 won 2.3 percent to 6,918.60 points.

            Asia indices also posted healthy gains after official data in China showed the coronavirus pandemic had not hit economic growth as badly as some had feared.

AFP/APP

Posted on: 2020-04-17T13:10:00+05:00

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