Stocks Jump With U.S. Futures on Easing Virus Toll: Markets Wrap – By Sam Potter (Bloomberg) / April 6 2020
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Stocks jumped in Europe and Asia alongside U.S. equity futures after the reported death tolls in some of the world’s coronavirus hot spots showed signs of easing over the weekend. The dollar edged higher and Treasuries fell.
The Stoxx Europe 600 Index rallied led by automakers and travel and leisure shares after Italy and Spain said they had the fewest deaths in more than two weeks, and Germany and France reported the lowest numbers in days. Contracts on the S&P 500 also jumped after New York state fatalities fell for the first time and President Donald Trump said he sees signs the pandemic is beginning to level off.
“There is light at the end of the tunnel but it’s still a long tunnel,” Erik Nielsen, UniCredit SpA’s London-based chief economist, wrote in a note Sunday.
Continue to article: https://www.bloomberg.com/news/articles/2020-04-05/currencies-start-mixed-as-virus-death-toll-dips-markets-wrap?srnd=premium
