European stock markets opened sharply higher on Friday as more central banks adopted monetary and fiscal measures to deal with the economic downturn as a result of the Covid-19 outbreak. Stocks in London jumped in early trading with the FTSE 100 index rising over five percent. Germany’s DAX is gaining ...
The European Central Bank (ECB) announced an economic stimulus program worth €750 billion Wednesday night. The central bank said in a statement that the governing council had decided to launch a temporary asset purchase program to navigate the economic downturn across the eurozone linked to the coronavirus outbreak. The program ...
