- Italy, Spain, France and New York record easing virus-related death rates
- U.S. futures, global equities jump
- Trump warns of “very horrendous” phase in virus outbreak ahead
- Additional wild market swings expected as coronavirus uncertainty continues
Contracts on the , and surged this morning and global stocks popped as deaths from COVID-19 appear to in some of the most infected areas around the world. Spain, France and Italy each reported lower mortality rates over the weekend, and New York, the current epicenter of the U.S. breakout, reported a fall in deaths on Sunday.
The dollar gave up an advance, and Treasurys sold off.
Global Financial Affairs
Futures for the S&P 500 catapulted higher on Monday, after deaths in New York dropped yesterday, for the first time, even as President Donald Trump said the nation is approaching a “very horrendous” phase in the virus outbreak. New York’s Governor, Andrew Cuomo, warned that the lower NY number could just be a…