European markets are expected to open higher Tuesday as investors hope that the region could be seeking a plateau in the coronavirus outbreak.
London’s FTSE is seen 15 points higher at 5,597 while Germany’s DAX is seen 97 points higher at 10,172 and France’s CAC is seen 37 points higher at 4,346, according to IG.
Markets in Europe will also be reacting to the news last night that U.K. Prime Minister Boris Johnson had been moved to intensive care as his coronavirus symptoms worsened, according to a statement from the government.
Foreign Secretary Dominic Raab will temporarily take over the prime minister’s duties while Johnson is hospitalized.
Despite the high-profile illness of Boris Johnson, there has been hope in Europe in the last few days that the number of new infections, and death tolls, is starting to decline.
In Asia, China’s National Health Commission (NHC) reported 32 new cases, and no deaths as of April 6 — the first time the country posted no deaths since January…
