The DAX index turned cautiously higher as investors pinned their hopes on a coronavirus drug as cases rise globally. The index is trading at 12,144 euros as traders continue to anticipate that a new drug will help stem the coronavirus pandemic. Most companies in the DAX index are in the green, with only a handful in the red. Elsewhere in Europe, the FTSE 100 and CAC 40 are unchanged while Stoxx 50 is up by just 0.15%.
More in Indices:
- ASX 200 Rally As China’s Economy Rebound Aug 10, 2020, 09:53 BST
- FTSE 100 Higher Helped By Lloyds and Barclays Aug 10, 2020, 09:35 BST
- DAX index: Bulls Tiring, Head and Shoulders in Play Aug 10, 2020, 09:19 BST