European equities surged in premarket trade on Monday as the coronavirus continues to remain in focus. Across the Atlantic, stocks on Wall Street moved higher as well with the Dow soaring over 700 points overnight.
Globally, over 1.2 million people have been infected with the virus, which originated in China in December of last year. Meanwhile, a meeting between OPEC and allied producers has been delayed until April 9 as reports indicated most members are in favor of continuing output cuts.
The DAX jumped 3.29% at 7:20 am CET, while the FTSE 100 climbed 1.99%.
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