European markets advanced Thursday morning as investors monitored key economic data from around the world. The pan-European Stoxx 600 added 1.1 percent at the start of trading, with auto stocks jumping 2.3 percent to lead gains as all sectors and major bourses entered positive territory, CNBC reports. Global equities are receiving a boost from hopes for further U.S. stimulus and progress on a coronavirus vaccine, with 76 nations now committed to the World Health Organization’s “COVAX” program to evenly distribute vaccines when they become available.

Source: The Standard September 03, 2020 08:15 UTC