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A lower opening for European Markets

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A lower opening for European Markets

According to predictions and observations, European stocks are not expected to make a good move on
Monday as investors are concerned about a surge in coronavirus cases in the United States next to
concerns about a surge in infections in Germany as well.
London’s FTSE is witnessed opening by slipping 34 points at 6,253, whereas Germany’s DAX is observed
losing 124 points at 12,223. France’s CAC 40 is expected to make a move 49 points lower at 4,936 and
Italy’s FTSE MIB is seen opening 104 points lower at 19,331, as reported by IG.
International investors are curiously observing the current coronavirus developments followed by the
news that cases are going up rapidly in the U.S. The U.S reported more than 30,000 new victims of the
coronavirus on Friday and Saturday, marking the highest daily records since May 1, as per data
processed by Johns Hopkins University, along with new cases are emerging in states across the South,
West and Midwest.
Seven states have reported record cases on Saturday, including Florida and South Carolina. However,
U.S. stock futures soared early Monday morning followed by a favorable weekly performance on Wall
Street despite the fact that concerns about the coronavirus outbreak continued.

(Reference: CNBC)