Stock markets have staged a rapid reversal in the last few minutes, apparently after a report of an effective treatment for coronavirus. The reports remain unconfirmed.
The FTSE is now up by 0.5% at about 7, points, having previously been down by 0.3%. The Euro Stoxx 672 index, which measures large companies across Europe, is now up by 0.5% for the day, having previously dipped.
Reuters reports that traders have cited a Chinese TV report that a research team at Zhejiang University has found an effective drug to treat people with the new coronavirus.
Here’s the FTSE performance :