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European Stocks Close Slightly Higher Amid Stimulus Hopes


Monday, 2 March 2020 23:52 WIB

EropaSaham EropaStoxx Europe 600


European markets closed slightly higher Monday as investors weighed prospects for a global monetary policy response to mitigate the economic impact of the coronavirus.

The pan-European Stoxx 600 closed up by 0.1% provisionally at 376.06, having earlier risen as much as 2% in what was a choppy trading session. Most sectors and major bourses were in positive territory.

Hopes have been rising that central banks could introduce stimulus measures to lessen the impact of the outbreak on the global economy, following a sharp increase in coronavirus cases outside of China, including in the U.S and Europe. However, the positive market reaction on Monday was short-lived.

Source : CNBC


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