European markets head for lower open as U.S. coronavirus cases surge

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European stocks are expected to open lower Monday as investors react to a surge in coronavirus cases in the States and a rise in infections in Germany.

Seven states hit record cases on Saturday, including Florida and South Carolina, which had their third consecutive day breaking single-day records. Nonetheless,following a solid weekly performance on Wall Street amid continuing concerns about the coronavirus outbreak.

Dow Jones Industrial Average futures were 102 points higher. S&P 500 and Nasdaq-100 futures were also trading in positive territory. Stocks in Asia also nudged higher in Monday afternoon trade; China kept its benchmark lending rate unchanged on Monday, with the 1-year loan prime rate left at 3.85%. jumped to 2.88 on Sunday, up from 1.79 a day earlier, the Robert Koch Institute for public health said,.

There are no major earnings in Europe Monday, but data releases include euro zone preliminary consumer confidence data for June.

 

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That’s fake news!! Trump slowed testing down, so there are no more cases of Asian China bat flu TRUMP2020LandsideReElectionVictory

Testing surged. Fixed it for ya.

Read my blog analysing the reasons behind current market rally and factors which would likely impact its movement in coming times: Retweet and follow if you like my analysis and visit my profile to check other blogs discussing impact of coronavirus.

Funny that reports of the Wuhan China virus are back now that the rioting has significantly slowed down.

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