3/30/2020, 9:02 AM (Source: TeleTrader)
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European stocks climb at start of trading week

European markets opened higher on Monday, but quickly turned to losses during the first minutes of the session as global coronavirus cases topped 700,000. Markets continued to digest the coronavirus pandemic and economic relief measures amid growing talk of a recession.

European Commission President Ursula von der Leyen confirmed earlier that corona bonds, common debt instruments to help EU nations combat the economic fallout from COVID-19, are under consideration. The Commission's report on consumer confidence in the bloc this month is due for a release later in the day.

The DAX was up 1.05% at the open before entering negative territory with German aircraft engine manufacturer MTU Aero Engines leading the losses. The CAC 40 added 0.29% but proceeded to decline as Total dropped over 2%. The FTSE 100 gained 0.17% in the first minute of trade, followed by a 1% drop.

Baha Breaking News (BBN) / JC