The FTSE 100 looks set to open firmly in positive territory, buoyed by a drop in coronavirus deaths.
Italy, Spain, France and the US reported a deceleration in fatalities – though president Trump warned Americans of a “very horrendous” phase to come.
Asia’s main markets, with the exception of China, which was closed for a public holiday, swung into positive territory.
“Despite the declines in the death rates there is no indication any of the countries are in the mood to signal when the respective lockdowns will be lifted,” said Michael Hewson, analyst at CMC Markets.
The macro-economic news will be made on Thursday as the Office for National Statistics unveils numbers on GDP, trade and industrial output. As they are lagging indicators they are unlikely to provide any great insight into the damage wrought by the coronavirus.
Around the markets: Pound worth US$1.2242 (down0.22%0 ; gold off US$5 an ounce at US$1,640.70; Brent crude US$33,41 a barrel, down 70 cents
- Apple pledges to ship 1mln medical face shields
- Oil prices slips while Asian markets rise
- Regulators free up US$500bn capital for lenders to fight virus storm
- Rolls-Royce set to ditch targets and suspend dividend
- Bailey rejects monetary financing as tool in virus crisis
- Coronavirus lockdown costing UK £2.4bn a day
- Heathrow boss calls for airport screening
- Plan to turn grounded jets into intensive care wards
- Underwriters unable to meet pandemic insurance demand
- Debenhams fails to make pension payment as administration looms
Monday’s Main News
Tuesday 7 April: