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European markets trades higher as coronavirus remains in focus
Amwal Al Ghad Published in Amwal Al Ghad on 07 - 05 - 2020

European stocks traded higher on Thursday as investors digest the latest news regarding the coronavirus outbreak and efforts to ease lockdown measures.
The pan-European Stoxx 600 closed up by more than 1 percent provisionally, with most sectors and major bourses in positive territory. Retail stocks were the best performers, climbing over 3 percent.
German e-commerce company Zalando and biotech firm Morphosys both saw their stock jump more than 11percent by mid-afternoon after posting strong first-quarter earnings.
At the other end of the European blue chip index, travel operator Tui slid by 9.9 percent

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