Stocks jump despite record slump for Chinese GDP – business live

Rolling coverage of the latest economic and financial news as the Chinese economy contracted for the first time on record following the Covid-19 outbreak

8.01am BST

And we’re off! European indexes are trading higher across the board.

We’re still waiting for a print from the German DAX, but here’s how we’re looking so far:

7.51am BST

Get ready for a rally at the market open:

European Opening Calls:#FTSE 5810 +3.22%#DAX 10664 +3.52%#CAC 4494 +3.30%#AEX 514 +3.64%#MIB 17288 +3.10%#IBEX 6997 +3.45%#OMX 1534 +3.36%#STOXX 2915 +3.64%#IGOpeningCall

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https://www.theguardian.com/business/live/2020/apr/17/chinese-gdp-chinas-record-retail-jobs-inflation-coronavirus-covid-19-outbreak-business-live