- European stocks edged higher on Tuesday, after posting their worst day in about four months in the previous session on heightened concerns about the potential impact on businesses from the coronavirus outbreak.
The pan-European STOXX 600 index rose 0.1% as markets monitored developments on the outbreak in China that has claimed 106 lives so far. Monday’s pullback had wiped out around 180 billion euros of market capitalization from the European companies index. “It’s just a rebound as markets await further information on what’s happening with the virus situation in China,” said Russ Mould, investment director at broker AJ Bell.
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