World stocks are rising after the outbreak of a new virus in China was not declared a global emergency
BANGKOK — Global stock markets rose Friday after the outbreak of a new virus in China that that has killed 25 people and led to transport limits in several cities was not declared a global emergency.
Germany’s DAX gained 1.4% to 13,577 while the CAC 40 in Paris rose 1.1% to 6,038, helped also by a report of improvements in manufacturing data. A survey of manufacturing activity in the eurozone reported Friday suggested demand is stabilizing despite weakness in some regions.
In Britain, the FTSE 100 also gained 1.6%, to 7,630. Wall Street likewise looked set for an upbeat open, with the future contracts for the S&P 500 and the Dow Jones Industrial Average up 0.3%.
As authorities confirmed more cases of the new virus first reported in the central Chinese city of Wuhan, investors continued to monitor…
Source news reuters.com, click here to read the full news.