European markets are set to open sharply higher Friday after a volatile week, as central banks and governments around the world adopt a 'whatever it takes' approach to the coronavirus pandemic.
is enjoying its strongest week since the financial crisis and hammering currencies around the world, as investors continue a dash to cash in anticipation of a possible global recession.Italy's death toll surpassing that of ChinaIn corporate news, airlines continue to be crushed by falling demand amid the outbreak and associated border shutdowns. German carrierhas grounded most of its fleet, and on Thursday warned that the industry may not survive the pandemic without government bailouts.
On the data front, German inflation figures are set for release at 7 a.m. London time before euro zone current account numbers at 9 a.m.
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