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European Stocks Open Higher As Traders Monitor Corona Virus


Monday, 17 February 2020 15:22 WIB

Stoxx 600Saham Eropa


European stocks advanced Monday morning, remaining just below record highs, after China’s central bank cut interest rates in a bid to aid its economy amid the coronavirus outbreak.

The pan-European Stoxx 600 added 0.3% at the opening bell at 431.70, autos climbing 1.5% to lead gains as all sectors and major bourses entered positive territory.

The People’s Bank of China (PBoC) announced on Monday that it would provide medium-term funding of 200 billion yuan ($29 billion) to commercial lenders and cut its main interest rate by 10 basis points to 3.15%.

Source : CNBC


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