Europe rebounds in premarket brushing off China virus concerns.28 Jan 2020 06:56
European stock market indexes were poised for a slightly higher start on Tuesday judging by stocks' premarket movements after stocks took a hit yesterday trading sharply lower throughout the day.
It seemed that coronavirus concerns were seeping out, despite the news that Germany was the latest to be struck by the deadly disease. The country's only infected patient has been quarantined and is being closely monitored, the officials said.
Meanwhile, earnings season is in full swing with Philips and SAP having reported their quarterly corporate results before the opening bell.
In Paris, the CAC 40 advanced 0.59% at 7:36 am ET, while London's FTSE 100 gained 0.35% at the same time. The DAX also followed suit, rising 0.59% at 7:36 am ET.
The pound retreated 0.08% against the dollar, selling for 1.30431 at 7:36 am ET, whereas the euro traded flat compared to the greenback, buying 1.10210 at the same time.
Breaking the News / GG