3/19/2020, 5:30 PM (Source: TeleTrader)
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European markets finish higher on fiscal stimulus

Equities on major European stock markets finished Thursday's session higher after the central bank's around the continent announced stimulus packages aimed at curbing the effects of the coronavirus pandemic. After the European Central Bank's launch of a €750 billion pandemic emergency purchase program, the Bank of England voted unanimously to reduce its interest rates by 15 basis points, while adding £200 billion to its asset-purchase program.

The FTSE 100 closed 1.40% higher, with M&G plc surging 34.44%. The DAX was up 2.00% at the end of the session, as MTU Aero Engines NA advanced 15.50%. The CAC 40 increased 2.68%. Real estate company Unibail-Rodamco-Westfield SE was the best performer, jumping 18.22%.

The euro slid 2.09% against the dollar to change hands for at 1.06838 at 5:27 pm CET. The pound rose 0.34% a minute later to sell for 1.16583 dollars.

Baha Breaking News (BBN) / MD