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European stocks close higher as WHO says no 'global emergency' yet for China virus; data offers relief

Saturday, 25 January 2020 00:00 WIB Indeks Stoxx Europe 600 SahamEropa

European stocks rebounded on Friday, breaking a four-day losing streak after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a “global emergency” yet. The pan-European Stoxx 600 jumped 0.85% to 423.62 by the closing bell, with industrials and technology stocks leading gains. Following a torrid week for stocks on the back of fears over the spread of the new coronavirus, which has killed 25 people in China and infected over 800 more, equity investors seem to be taking some heart from the WHO's reluctance to declare the epidemic of international concern. Source : CNBC

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