Author: KMFSLLP

European stock index futures shot up more than 4% on Monday as a slowdown in coronavirus deaths in France and Italy raised hopes that sweeping lockdown measures were starting to show results.

Troubled hospital group NMC Health said on Monday it is in talks with Abu Dhabi Commercial Bank, seeking to convince it to withdraw an application that the lender had filed proposing that NMC be placed under administration.

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European stock index futures jumped more than 4% on Monday as a slowdown in coronavirus death toll in France and Italy raised hopes that lockdown measures were starting to show results.

Swedes turned pessimistic about prospects for the housing market in April as the effects of the new coronavirus hit employment, with SEB's sentiment indicator falling to minus 20 - a record drop for a single month - from 47 points in March.

* Major European countries report fewer fresh COVID-19 deaths

India's dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand fell sharply as the coronavirus pandemic wreaked havoc globally, a private survey showed.

Emaar Properties has sold an 80% stake in its cooling business in the prime Dubai Downtown area to National Central Cooling Co (TABREED) for 2.48 billion dirhams ($675 million), the companies said on Monday.

Southeast Asian stock markets inched higher on Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections. Major European nations reported lower fatality rates, with Italy seeing the number of patients in intensive care falling for the second consecutive day....

Lenders need to put public before private interest or remain a pariah industry

Japanese shares advanced on Monday as markets were encouraged by a slowdown in coronavirus deaths and new cases in U.S. hot spots, although uncertainty about a potential lockdown in Tokyo kept some investors wary.