European stocks are poised to open higher Thursday as markets react positively to a $50 billion pledge from the International Monetary Fund (IMF) to tackle the coronavirus outbreak.
The latest figures from the World Health Organization put the number of global coronavirus cases at at least 93,000. The number of global deaths stands at around 3,199, according to data from the WHO.Attention in Europe is still firmly focused on Italy, the country worse-hit from the outbreak outside of Asia, alongside Iran.
The latest data from Italy Wednesday evening put the number of confirmed cases at 2,706 and 109 deaths; the majority of cases are in Lombardy where Italy's financial hub Milan is located.until mid-March. In other news, oil prices rose more than 1% on Thursday ahead of an OPEC meeting in Vienna, Austria. OPEC's de facto leader Saudi Arabia is expected to push the 14-member oil-producing group, and its non-OPEC allies including Russia, to extend or deepem output cuts to support the market amid stalling demand growth.
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