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24 Nov 2021

European Stock Futures Edge Higher Amid Strict New COVID Restrictions

The Index Today

European stock markets are expected to open marginally higher Wednesday, rebounding from the previous session’s sharp losses, as investors digest the increase in Covid-19 cases in the region and protests of new rules of COVID restrictions.

At 2 AM ET (0700 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.5% and the FTSE 100 futures contract in the U.K. rose 0.2%.

The main indices in the Eurozone slumped Tuesday, with the DAX dropping 1.1% and the CAC 40 falling 0.9%, as investors reacted to the possibility that countries will announce tougher restrictions to combat the dramatic increase in the number of coronavirus cases on the continent.

The total of Covid-19 deaths across Europe will exceed two million by March next year, the World Health Organization said Tuesday, adding that the pandemic had become the number one cause of death in the region.

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