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European stock index futures slide as coronavirus damage grows

Published 04/01/2020, 02:08 PM
Updated 04/01/2020, 02:10 PM
© Reuters.

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
April 1 (Reuters) - 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 STXEc1 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 .STOXX 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 FDXc1 were off 3.3%, while French CAC
futures FCEc1 fell 3.1%.
FTSE 100 futures FFIc1 shed 3.4% as the number of deaths
from the coronavirus in the United Kingdom rose by 27% in the
space of a day.

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