European stocks jump at the open, rising nearly 2% on data showing slowing virus cases

 marketwatch.com  04/06/2020 07:05:00   Steve Goldstein

European stocks SXXP, +2.98% jumped at the start of trade on Monday on data showing slowing growth of both new coronavirus cases and the fatalities globally, with the German DAX DAX, +4.20% rising 2.9% and the U.K. FTSE 100 UKX, +2.90% up 2.1%. The British pound GBPUSD, +0.81% was lower than Friday's levels after the coronavirus hospitalization of U.K. Prime Minister Boris Johnson. Crude-oil futures CL.1, +3.10% edged lower as markets await word on whether the OPEC oil cartel and Russia can agree to production cuts. Futures on the Dow Jones Industrial Average YM00, +2.89% rose nearly 800 points.

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