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European stocks up nearly 3% pending stimulus measures

Europe stocks rose Tuesday as investors hoped leading central banks and governments would soon take steps to limit the economic damage from the outbreak of coronavirus.

Finance ministers and central bank governors G7 will hold a conference call on Tuesday to discuss how to deal with the growing outbreak of coronavirus and its economic consequences, a U.S. Treasury spokeswoman said Monday.

The pan-European STOXX 600 index rose 2.94% to 11:44 UTC.

All major sectors have grown; tourism, the index of financial services and securities of insurers led the rise.

Shares of German food delivery company HelloFresh were up 5.4% after the company predicted revenue and base profit growth in 2020.