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COVID-19: European stocks gain about 1.0% at open

After what many analysts have called "Black Monday",  Europe's main stocks indices opened 1.0 percent higher Tuesday, one day after markets suffered their biggest losses in more than a decade on crashing oil prices and COVID-19 fears. a media source confirmed.

Tuesday positive indications in Europe shows that London's benchmark FTSE 100 index of major blue-chip companies was up 1.8 percent to 6,073.61 points.

In the eurozone, Frankfurt's DAX 30 added 1.2 percent to 10,750.58 points and the Paris CAC 40 gained 1.7 percent to 4,787.17.

In Milan, the FTSE MIB was up 1.0 percent at 18,665.21 points after the market plunged more than 11 percent Monday as the government unveiled more drastic measures to curb the coronavirus outbreak there.

South Korea, Italy and Iran are the most affected countries after China 

Overnight, the Italian government announced the entire country would be locked down in order to contain the spread of the virus that originated in Wuhan, a commercial city in China in late December of 2019.

Globally, the virus has claimed more than 4,000 lives while over 106,000 people are infected in more than one hundred nations and territories. More than 57,000 have recovered from the illness.


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