European stock futures drop 1% after Trump tests positive for COVID-19
Reuters
Published Oct 02, 2020 07:28
(Reuters) - European share futures sank more than 1% on Friday after news that U.S. President Donald Trump tested positive for COVID-19 hit stock markets globally.
Euro Stoxx 50 futures (STXEc1) were off 1.13% at 0606 GMT, while German DAX futures (FDXc1) shed 1% and UK's FTSE futures (FFIc1) dropped 1.3%. Wall Street futures slumped almost 2%. (N)
Trump said on Friday that he and his wife Melania had tested positive for COVID-19 and were going into quarantine. The results came after news that Hope Hicks, a top adviser and trusted aide, had tested positive for the coronavirus earlier on Thursday.
A chaotic face-off between Trump and Democratic rival Joe Biden earlier this week during the first presidential debate put stocks and other assets normally perceived as higher risk under pressure as Trump cast doubt on whether he would accept the election outcome if he lost.
"At this stage, it is too early to tell yet how this may affect the election outcome. Markets have sold off in a knee jerk reaction to the news, which is understandable," said Khoon Goh, head of Asia research at ANZ in Singapore.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.