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European Stock Index Futures Jump Monday

US, WASHINGTON (NEWS OBSERVATORY) — Futures for European stock indices jumped more than 4%, as the slowdown in mortality from coronavirus in France and Italy gives hope that measures to combat the pandemic have begun to show results. It is reported Reuters.

Futures on the Euro Stoxx 50 rose 4.1% at 9:00 UTC. Futures on the German DAX index and the French CAC added 4.5% and 4%, respectively.

On Sunday, Italy reported the lowest daily death rate from COVID-19 in more than two weeks. In France, the daily number of deaths from coronavirus has also decreased.

The STOXX 600 index showed a decline last week amid disappointing data on business activity in the region.

The eurozone consolidated PMI in March crashed from a February level of 51.6 to a record low of 29.7 points, research firm IHS Markit said Friday. March data indicate the maximum monthly decrease in activity for the entire observation period, since July 1998.

Meanwhile, reports on hospitalization of British Prime Minister Boris Johnson with coronavirus on Monday hinder the growth of FTSE 100 futures.

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