Health, Fitness & Food

European markets are expected to open higher Tuesday as investors hope that the region could be seeking a plateau in the coronavirus outbreak.

London’s FTSE is seen 15 points higher at 5,597 while Germany’s DAX is seen 97 points higher at 10,172 and France’s CAC is seen 37 points higher at 4,346, according to IG.

Markets in Europe will also be reacting to the news last night that U.K. Prime Minister Boris Johnson had been moved to intensive care as his coronavirus symptoms worsened, according to a statement from the government. 

Foreign Secretary Dominic Raab will temporarily take over the prime minister’s duties while Johnson is hospitalized.

Despite the high-profile illness of Boris Johnson, there has been hope in Europe in the last few days that the number of new infections, and death tolls, is starting to decline.

In Asia, China’s National Health Commission (NHC) reported 32 new cases, and no deaths as of April 6 — the first time the country posted no deaths since January when it started publishing daily updates. That brings the country’s total to 81,740 confirmed cases and 3,331 deaths, according to the NHC.

Stocks in Asia rose Tuesday on rising hopes the spread of the global coronavirus pandemic may be slowing.

Mainland Chinese stocks, which returned to trade following a Monday holiday, led gains among the region’s major markets. The Shenzhen composite gained 2.689%, while the Shenzhen component added 2.71%. The Shanghai composite was also up 1.74%. Hong Kong’s Hang Seng index edged 0.28% higher.

Data includes France’s trade balance for March, Italy retail sales for February and U.L. labor productivity. There are no major earnings.

— CNBC’s Eustance Huang and Huileng Tan contributed reporting to this story.

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *