Stocks in London jumped in early trading with the FTSE 100 index rising over five percent. Germany’s DAX is gaining over six percent, while French stocks are also up by over six percent.
The pan-European Stoxx 600 jumped 4.8 percent in early trade, with oil and gas stocks surging 8.5 percent to lead gains after oil prices enjoyed their strongest day ever on Thursday.
After a volatile week of trading, global stocks have started recovering from their huge losses, with the US Dow Jones index rising 100 points on Thursday. Asia-Pacific markets have also entered positive territory, led by an almost five percent gains for South Korea’s Kospi.
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