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European markets open lower despite multi-billion dollar stimulus pledges
Wednesday, 18 March 2020 15:14 WIB | MARKET UPDATE |SahamEropaIndeks Stoxx Europe 600

European markets opened lower Wednesday, despite Western governments promising to unleash billions of dollars to help businesses and citizens get through the coronavirus pandemic.

The pan-European Stoxx 600 fell 2.7% at the start of trading, travel and leisure stocks dropping 4% to lead losses as all sectors and major bourses slid into negative territory.

Global markets are reacting to multi-billion dollar pledges from various governments to help the economy during the coronavirus outbreak.

On Tuesday, the White House said it is seeking a stimulus package worth anywhere from $850 billion to more than $1 trillion as the Trump administration looked to battle the economic impact from the coronavirus pandemic.

Source : CNBC

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