European stocks are expected to open higher on Friday after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a 'global emergency' yet.
Following a torrid week for stocks on the back of fears over the spread of the new coronavirus, which has killed 25 people in China and infected over 800 more, equity investors seem to be taking some heart from the WHO's reluctance to declare the epidemic of international concern.
Stocks in Asia edged slightly higher on Friday, with the MSCI Asia ex-Japan index climbing 0.13% while Japan's Nikkei also added 0.13%. Back in Europe, investors are digesting the European Central Bank's launch of a major policy review on Thursday, which will assess the calculation and feasibility of the central bank's key inflation target and methods deployed to achieve it.and German bund yields sank on Thursday after ECB President Christine Lagarde struck a slightly more dovish tone than markets were expecting in a press conference, after the ECB left monetary policy unchanged at its first meeting of 2020.
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