European stock index futures slide as coronavirus damage grows

MG News | April 01, 2020 at 11:44 AM GMT+05:00

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April 01, 2020: European stock index futures fell more than 3% on Wednesday as dismal economic data from Asia underlined the damage to the economy from the coronavirus pandemic and fanned fears of a deep global recession.

Figures on Wednesday showed factory activity contracting across most of Asia in March as the outbreak paralysed supply chains, with sharp falls in export, power-houses Japan and South Korea.

Euro Stoxx 50 futures tumbled 3.3% at 0601 GMT following a rebound this week that was powered by aggressive fiscal and monetary stimulus from around the world.

The pan-European STOXX 600 index ended Tuesday with its worst quarter in 18 years as lockdown measures to contain the health crisis upended business activity, raising the threat of corporate defaults and mass layoffs.

German DAX futures were off 3.3%, while French CAC futures fell 3.1%.

FTSE 100 futures shed 3.4% as the number of deaths from the coronavirus in the United Kingdom rose by 27% in the space of a day.

Reuters

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Name	Price/Vol	%Chg/NChg
KSE100	161,631.73 408.94M	3.13% 4898.86
ALLSHR	98,254.73 951.34M	2.71% 2590.07
KSE30	49,377.29 213.50M	3.40% 1624.91
KMI30	232,700.28 121.13M	2.88% 6525.03
KMIALLSHR	64,179.60 399.93M	2.39% 1496.52
BKTi	46,334.17 105.09M	5.56% 2441.42
OGTi	31,362.73 10.58M	1.56% 482.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,880.00	111,630.00 107,835.00	2925.00 2.73%
BRENT CRUDE	64.58	65.15 63.81	0.21 0.33%
RICHARDS BAY COAL MONTHLY	86.00	86.00 86.00	-1.90 -2.16%
ROTTERDAM COAL MONTHLY	96.50	99.00 96.50	-2.70 -2.72%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.88	61.38 59.99	0.31 0.51%
SUGAR #11 WORLD	14.42	14.49 14.20	0.14 0.98%