UPDATE 1-European stock markets calm after pandemic-driven crash [Reuters]
ROCHE HOLDING LTD S/ADR (RHHBY)
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Source: Reuters
UPDATE 1-European stock markets calm after pandemic-driven crash * All but one European sub-indexes trading higher * Battered banking stocks track rise in U.S. yields * Global stocks rise on hopes of U.S. stimulus * Roche jumps after emergency FDA nod for virus test (Adds comments, details; updates prices) By Sagarika Jaisinghani March 13 (Reuters) - European stock markets found some footing on Friday, after logging their worst day ever as fears of an economic shock from the coronavirus pandemic were deepened by the European Central Bank’s decision to hold interest rates steady. The benchmark STOXX 600 index was up 2.6%, following a 12% crash on Thursday that erased over $1 trillion from the value of European firms and plunged global equities into a bear market. The battered banking sector was among the early advancers, tracking a rise in U.S. bond yields, with Commerzbank and HSBC adding between 2% and 5.3%. “Markets have got to a point where if you have a six- to 12-month horizon th
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