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Latest Share Chat

LIVE MARKETS-Morning call: Positive mood

Mon, 06th Apr 2020 06:40

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters. You can share your thoughts with Thyagaraju Adinarayan
(thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and
Julien Ponthus (julien.ponthus@thomsonreuters.com) in London.

MORNING CALL: POSITIVE MOOD (0540 GMT)

European futures and their U.S. peers are trading convincingly in the black - over 3% - this
morning as hopes that lockdowns implemented throughout the continent to fight the spread of the
coronavirus outbreak are starting to show some results.

Sentiment was also positive in Asia overnight with MSCI's broadest index of Asian shares
outside of Japan up about 1.5% and Japan's Nikkei rising 2.7%.

A big downer however is that oil prices are still suffering from oversupply concerns after
Saudi-Russian negotiations to cut output were delayed.

Another worry for the London bourse is that Boris Johnson was still in hospital on Monday
morning, suffering persistent coronavirus symptoms 10 days after testing positive for the virus.

(Julien Ponthus)

*****
(Reporting by Thyagaraju Adinarayan, Joice Alves and Julien Ponthus and)

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