3/13/2020, 9:00 AM (Source: TeleTrader)
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Europe opens in green amid COVID-19 development

European equities started trading higher on Friday following Thursday's slump caused by the threat of the coronavirus. German Destatis reported consumer prices in Germany rose 1.7% in February compared to the same month last year. European traders remain largely focused on Italy, the main cluster of coronavirus cases on the old continent. According to the last information, there were overall 15,113 infected people in the country while1,258 have been reported recovered. The death toll reached 1,016 people.

Investors are waiting for European Commission President Ursula von der Leyen to unveil emergency measures for tackling economic fallout from the coronavirus.

The FTSE 100 rose 3.04% as the session in London kicked off with ITV Plc growing by 7.90%. The DAX jumped 3.45% at 9:06 am CET with Wirecard AG growing by 17.28%. In Paris, the CAC 40 added 4.53% at open at 9:05 am CET. Societe Generale jumped 5.82%.

The pound grew 0.19% against the dollar, buying 1.25912 at 9:07 am CET, while the euro stood flat versus the greenback, going for 1.1181.

Breaking the News / TF