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European Stocks Open Higher as Policy Stimulus Hopes Grow


Monday, 19 August 2019 14:30 WIB

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European stocks opened higher on Monday as hopes emerge for stimulus from central banks and fiscal measures from major economies such as China and Germany.

The pan-European Stoxx 600 jumped 0.8% at 372.97 at the opening bell, with basic resources surging 1.8% as all sectors and major bourses traded in positive territory.

German finance minister Olaf Scholz said on Sunday that Germany has the fiscal strength to mitigate any future economic crisis with “full force” and suggested that Berlin could free up around 50 billion euros ($55 billion) of extra spending.

Source : Bloomberg


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