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European markets close 7.5% higher on Fed stimulus, Italy virus slowdown


Wednesday, 25 March 2020 00:10 WIB

Stoxx 600


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European markets closed sharply higher Tuesday on the back of stimulus measures from the U.S. Federal Reserve the day before, and as the number of new coronavirus cases in Italy slowed for a second day.

The pan-European Stoxx 600 closed up by 7.5% provisionally, with the insurance sector surging 14.2% to lead gains as all sectors and major bourses ended in positive territory.

Source: CNBC


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