3/20/2020, 9:06 AM (Source: TeleTrader)
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Europe surges at open as central banks ease policy

Shares on the European markets jumped at the open on Friday as central banks continued to adjust monetary policies to reduce the economic impact of the coronavirus outbreak. European Commission President Ursula Von Der Leyen revealed Brussels is open for a Brexit delay request from the United Kingdom due to the coronavirus crisis. Meanwhile, producer prices in Germany decreased by 0.1% in February on an annual basis and 0.4% month-on-month.

The DAX jumped 6.46% at the open, as Fresenius SE increased by 10.29%. The FTSE 100 surged 4.89% at the start, with InterContinental Hotels Group rising 15.07%. The CAC 40 opened 5.61% higher. Safran Group led the table with a hike of 8.83%.

The euro traded 0.87% higher against the dollar to sell for $1.07831 at 9:10 am CET, while the pound gained 2.89% compared to the greenback to go for $1.18107 at the same time.

Breaking the News / ND