European stock index futures fell more than 3pc on Wednesday as dismal economic data from Asia underpinned the ongoing damage from the coronavirus pandemic and fanned fears of a deep global recession. Euro Stoxx 50 futures tumbled 3.8pc following a rebound this week that was powered by aggressive fiscal and monetary stimulus from around the world. Profit for companies listed on the benchmark index is now expected to slide by a fifth in the second quarter, deepening a European corporate recession. German DAX futures were off 3.6pc, while French CAC futures fell 3.5pc. FTSE 100 futures shed 3.7pc as the number of deaths from the coronavirus in the UK rose by 27pc in the space of a day.

Source: Irish Independent April 01, 2020 06:56 UTC