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European markets set for higher open, looking to rebound from last week's losses

European markets set for higher open, looking to rebound from last week's losses

9/28/2020 9:24:00 AM

European markets set for higher open, looking to rebound from last week's losses

European stocks are set to open higher Monday, looking to recover from their worst week since mid-June, with a global rise in coronavirus cases and political developments stateside on investors' radar.

index closed 3.7% lower for the week on Friday after a choppy session, with global markets roiled by a resurgence in coronavirus cases on the continent and further afield.The U.S. has also seen a rise in daily cases ahead of Tuesday's first presidential debate between President Donald Trump and Democratic challenger Joe Biden, with a Supreme Court fight also looming over Republican efforts to replace the late Justice Ruth Bader Ginsburg with conservative Amy Coney Barrett before the Nov. 3 election.

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Sick of staying home: China expects a Golden Week tourism reboundChina expects a significant rebound in domestic travel over the upcoming Golden Week holiday after the sector was pummelled by the novel coronavirus for months, with some flights selling out and travel platforms reporting a surge in hotel bookings. 👍 From where?

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