Europe opens higher as virus easing hopes rise

Tuesday, 14. April 2020 09:01

European markets opened higher on Tuesday boosted by investors' hopes that the coronavirus outbreak in the region could be coming to its plateau. German Economy Minister Peter Altmaier said that the country has recently "seen some success in fighting COVID-19." Also, French President Emmanuel Macron confirmed earlier the coronavirus epidemic in France has started to slow down. Italy and Spain, the two hardest-hit countries on the old continent, also both reported a fall in the number of new daily infections.

The DAX jumped 1.61% at 9:03 am CET. The best performer was Volkswagen AG whose shares rallied 3.53% at 9:06 am CET. The FTSE 100 rose 0.46% at 9:02 am CET with Next PLC surging 3.33% at 9:02 am CET. The CAC 40 climbed 0.83% at the same time. Renault led the gains as it soared 2.76% at 9:01 am CET.

The euro grew 0.17% against the dollar to sell for 1.09286 at 9:04 am CET and the pound went up 0.43% compared to the US currency to go for 1.25576 at the same time.

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Breaking the News / TF