European calls 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 themes higher at 5,597 while Germany’s DAX is seen 97 points higher at 10,172 and France’s CAC is seen 37 sides higher at 4,346, according to IG.
Markets in Europe will also be reacting to the news last night that U.K. Prime Aid Boris Johnson had been moved to intensive care as his coronavirus symptoms worsened, according to a statement from the supervision.
Foreign Secretary Dominic Raab will temporarily take over the prime minister’s duties while Johnson is hospitalized.
Regard for 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 downfall 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 in the first place time the country posted no deaths since January when it started publishing daily updates. That brings the power’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 wide-ranging coronavirus pandemic may be slowing.
Mainland Chinese stocks, which returned to trade following a Monday holiday, led additions 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 Grab b wait Seng index edged 0.28% higher.
Data includes France’s trade balance for March, Italy retail traffics for February and U.L. labor productivity. There are no major earnings.
— CNBC’s Eustance Huang and Huileng Tan contributed reporting to this narrative.