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Europe Stocks to Open Higher

Adel 17 July, 2020 12:19 pm Global Stock Market, Market Update

European stock markets are set to open higher on Friday, amid hopes for additional stimulus to the region as Covid-19 continue to rise.

The futures of the German DAX increased by 0.3%, the British FTSE 100 recorded 0.2% and the French CAC index increased by 0.1%. (06 GMT(

European Union leaders are scheduled to meet later on Friday to reach agreement on a recovery fund to help countries severely affected by the pandemic.

The current proposal cost 750B euros (850B dollars) divided by 500B dollars in grants and 250B in loans, some countries may stand as an obstacle to this proposal, but it is supported by France and Germany.

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