European stocks are expected to open lower Thursday as hopes fade that a U.S. stimulus package will be agreed before the November election.
Dow Jones Industrial Average futures were down 107 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory.
Treasury Secretary Steven Mnuchin said on Wednesday that reaching a coronavirus stimulus deal before the election would be difficult as Democrats and Republicans remain far apart on certain issues. Coronavirus concerns continue to weigh on sentiment too as infections surge in the region. The French government declared a public health state of emergency Wednesday as the country saw hospitalizations from Covid-19 jump above the 9,100 threshold for the first time since June 25, Reuters reported.
New confirmed cases of coronavirus in France reached 22,951 in 24 hours, topping the previous day's number by about 10,000 cases. The state of emergency gives officials more power to deal with the spread of Covid-19., as public health officials focus on immunizing vulnerable groups first.
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