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04/06/2020 | 09:18am EDT

Wall Street is expected to open higher today due to encouraging signs that the quarantine in Europe is slowing the number of infections. Futures on the main three indices in New York are up by more than 3.7%

In Italy and Spain, there is a slowdown in the number of deaths due to coronavirus, while in Germany, the number of new infections fell for the fourth consecutive day. In addition, France saw fewer hospital deaths between Saturday and Sunday.

The relief is causing markets to bounce back. Volatility has eased slightly even as the coronavirus outbreak spreads in the US. With their eyes glued to the numbers, investors are nonetheless on the lookout for the first results of tests carried out on patients with existing molecules.

Angela Merkel came out of confinement after having been in contact, two weeks ago, with a compatriot carrying the coronavirus. For Boris Johnson, on the other hand, who tested positive, home care is no longer enough. The British Prime Minister was hospitalized because of persistent fevers. Downing Street assures that he can continue to lead the country from his hospital bed.

During the weekend, little information has filtered out on the tests conducted around the world on Covid-19 treatments. Preliminary results should begin to come in the coming days, notably on the European Discovery trial, which provided efficacy and safety data 15 days after the treatment of patients, which began on March 22.

Continental China's markets are closed today. The OPEC + meeting was postponed, which is causing further turmoil in the oil market. It must be said that Saudi Arabia and Russia kept throwing oil on the fire over the weekend and that we still seem to be far from an agreement.

Orders from German factories are the main indicator of the day. There will be no major data from the U.S.

Stocks mentioned in the article
ChangeLast1st jan.
DISCOVERY, INC. -1.86% 20.295 Delayed Quote.-38.01%
THE LEAD CO., INC. 19.75% 485 End-of-day quote.24.36%
WORLD CO., LTD. 4.97% 1393 End-of-day quote.-48.23%

Romain Fournier
© MarketScreener.com 2020
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