The Decline in European Stock Futures; New COVID-19 Warning

The Decline in European Stock Futures; New COVID-19 Warning


European Stock Markets opens on a lower note on Tuesday. Investors are looking forward to the fresh COVID-19 cases.

DAX Futures contract in Germany dropped 0.6%.
CAC 40 futures in France declined 0.2.
FTSE 100 futures in the United Kingdom fall off 0.3%.

Many European countries remain in lockdown, but discussions are underway over the timing of when these restrictions are lifted.
The rapid increase of COVID-19 cases increases worldwide last week for the first time in seven weeks according to the World Health Organization mentioned on Monday.

Myriad of European Countries are still in lockdown, nonetheless, officials are amid conversation of lifting the restrictions.

Hong Kong is in dilemma whether to add special purpose acquisition companies (SPAC) to the Asian Financial hub list.

A SPAC is a blank-cheque company that raises funds via initial public offering (IPO) with the objective of amalgamation with another organization so that they will able to list more frequently.

Most SPACs are almost listed in the United States. The amount to be raised by far is $60 billion in the initial months of 2021.