European stocks are expected to open lower Monday as investors react to a surge in coronavirus cases in the States and a rise in infections in Germany.
Seven states hit record cases on Saturday, including Florida and South Carolina, which had their third consecutive day breaking single-day records. Nonetheless,following a solid weekly performance on Wall Street amid continuing concerns about the coronavirus outbreak.
Dow Jones Industrial Average futures were 102 points higher. S&P 500 and Nasdaq-100 futures were also trading in positive territory. Stocks in Asia also nudged higher in Monday afternoon trade; China kept its benchmark lending rate unchanged on Monday, with the 1-year loan prime rate left at 3.85%. jumped to 2.88 on Sunday, up from 1.79 a day earlier, the Robert Koch Institute for public health said,.
There are no major earnings in Europe Monday, but data releases include euro zone preliminary consumer confidence data for June.
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