European markets climb despite virus fears; Wirecard down 40% – CNBC

The U.S. Centers for Disease Control and Prevention (CDC) said on Thursday that the true number of infections could be 10 times greater than the official count.Localized restrictions have actually also been reimposed in parts of the Portuguese capital Lisbon, western Germany, Beijing and Victoria state in Australia.The IMF on Thursday warned that stocks could suffer a second meltdown in the event of another global spike in infections, the reintroduction of lockdown measures or an escalation in trade tensions.It has been a big week for business news in Europe. Wirecard submitted for insolvency on Thursday, not able to account for a $2.1 billion black hole in its balance sheet and owing $4 billion to financial institutions. Lufthansa shareholders on Thursday backed a $10 billion German federal government bailout package to rescue the embattled carrier after major investor Heinz Hermann Thiele dropped his opposition to the plan.Meanwhile Reuters reported Thursday night that the Dutch federal government has actually concurred a 3.4 billion euro rescue offer with France for Air France-KLM, as airlines continue to reel from months of around the world travel restrictions.British industrial producer Rotork was the greatest gainer in early trade, adding 6.2%.