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European Markets Open Higher as Economic Recovery Hopes Take Hold


Thursday, 9 July 2020 14:31 WIB

Stoxx 600SahamEropa


European markets opened higher Thursday morning as investor focus swings to the potential economic recovery and earnings season gets underway.

The pan-European Stoxx 600 climbed 0.6% at the start of trading, with tech stocks jumping 1.8% to lead gains while utilities slid 0.3% lower.

European stocks look set to follow overnight action in Asia Pacific, where markets advanced on the back of a continued rally in mainland China, bolstered by the release of Chinese inflation data.

Despite the persistently rapid spread of the coronavirus in the U.S., where the number of cases surpassed the 3 million mark on Wednesday, according to Johns Hopkins University, investor optimism has returned over the prospects of a recovery for the global economy as signs of progress emerge in data and scientific discovery.

Source : CNBC


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