European markets opened cautiously higher on Wednesday after China unveiled measures to rein in the spread of a new strain of coronavirus that has killed nine people so far.

The pan-European Stoxx 600 edged up 0.2% in early tradeat 424.14, with media stocks adding 0.5% to lead gains while autos dropped 0.7%.

Stocks worldwide began a tentative rebound Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible academic, though markets will remain attuned to news out of China.

Source : CNBC