4/6/2020, 9:00 AM (Source: TeleTrader)
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Europe opens in green, DAX up over 4%

European markets kicked off trading on Monday in the green as the rate of new coronavirus infections is showing the signs of slowing down. Italy reported its lowest daily COVID-19 death toll for more than two weeks on Sunday.

Meanwhile, Germany said it plans to extend the program to purchase government bonds and allocate billions coming from the EU budget. Also, investors are waiting for the United Kingdom Chartered Institute of Purchasing & Supply and Markit Economics to release the data on Construction PMI. Also, Sentix is to release the results of its survey on investor confidence in the European Union.

Germany's DAX was 4.16% higher at 09:08 am CET with MTU Aero Engines NA rising 8.59%. The FTSE 100 in London rose 2.15% at 09:02 am CET. Melrose Industries plc rose by 7.81%. The CAC 40 was up by 3.29% at 9:07 am CET. ArcelorMittal SA was the best performer rising by 6.01%.

The euro increased 0.12% to 1.08130 against the dollar at 9:05 am CET. The pound stood flat against greenback selling for 1.2268 at 9:06 am CET.

Baha Breaking News (BBN) / TF