Rolling coverage of the latest economic and financial newsWall Street jumps 5% at the open1pm: FTSE 100 has surged 8%, after Thursday’s 10% crashCoronavirus – latest newsIntroduction: Markets reopen after 10% rout on ThursdayStocks rally across Europe 1.57pm GMT The head of the European commission Ursula von der Leyen has described the coronavirus as “a major shock” to Europe’s economies, as she promised a multi-billion euro fund to handle the fallout. “We will do whatever is necessary to support the Europeans and the European economy.” 1.53pm GMT Tech stocks and financial companies are leading the recovery in New York.Bank of America and Citigroup are up 7%, as Wall Street tries to put its worse day since 1987 behind it. Continue reading…
Via: Wall Street surges back after Thursday slump amid coronavirus stimulus hopes – business live
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