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European stocks jump at the open, rising nearly 2% on data showing slowing virus cases – MarketWatch

European stocks

jumped at the start of trade on Monday on data showing slowing growth of both new coronavirus cases and the fatalities globally, with the German DAX

rising 2.9% and the U.K. FTSE 100

up 2.1%. The British pound

was lower than Friday’s levels after the coronavirus hospitalization of U.K. Prime Minister Boris Johnson. Crude-oil futures

edged lower as markets await word on whether the OPEC oil cartel and Russia can agree to production cuts. Futures on the Dow Jones Industrial Average

rose nearly 800 points.

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