European markets opened mostly lower on Thursday despite a slowdown in the spread of the coronavirus in mainland China, that has helped other markets to advance.

The pan-European Stoxx 600 edged 0.2% lower in early trade, with telecoms falling 0.7% to lead losses while banks added 0.3% as most sectors crept into the red.

European markets are bucking the trend seen from their Asian counterparts, where stocks advanced Thursday on hopes that the coronavirus outbreak could be slowing amid a decline in the number of new cases of the virus, and from extra stimulus measures from China.

Source : CNBC