European stock markets steadied at the start of trading on Wednesday after rallying the previous session, as easing lockdown measures offset extremely weak business data caused by the coronavirus fallout.[LONDON] European stock markets steadied at the start of trading on Wednesday after rallying the previous session, as easing lockdown measures offset extremely weak business data caused by the coronavirus fallout.
London's benchmark FTSE 100 index gained 0.1 per cent to 5,852.10 points, compared with Tuesday's closing level. In the eurozone, Frankfurt's DAX 30 index eased 0.2 per cent to 10,712.70 points and the Paris CAC 40 dipped 0.1 per cent to 4,477.35. German manufacturers saw new orders plunge by a record 15.6 per cent in March, official data showed Wednesday.
The release came as a draft agreement revealed that Germany, Europe's biggest economy, will take new steps towards normalisation in May, including reopening shops and schools after weeks of shutdown imposed to control the spread of Covid-19.
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