Global markets advance on easing virus fears

London (AFP) – Global stocks advanced Tuesday on easing investor concerns over the economic impact of China’s coronavirus outbreak.Investors also heard cautious comments on the fallout by US Federal Reserve Chairman Jerome Powell in testimony to Congress.The Fed is “closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy,” Powell told US lawmakers.London’s stock market gained 0.7 percent, Frankfurt added 1.0 percent to come within reach of a new record high and Paris was nearly 0.7 percent higher.In New Yor…

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