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European stock futures drop 1% after Trump tests positive for COVID-19

Published 10/02/2020, 02:16 PM
Updated 10/02/2020, 02:20 PM
© Reuters.
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(For a live blog on European stocks, type LIVE/ in an Eikon
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Oct 2 (Reuters) - European share futures sank more than 1%
on Friday after news that U.S. President Donald Trump tested
positive for COVID-19 hit stock markets globally.
Euro Stoxx 50 futures STXEc1 were off 1.13% at 0606 GMT,
while German DAX futures FDXc1 shed 1% and UK's FTSE futures
FFIc1 dropped 1.3%. Wall Street futures Escv1 slumped almost
2%. .N
Trump said on Friday that he and his wife Melania had tested
positive for COVID-19 and were going into quarantine. The
results came after news that Hope Hicks, a top adviser and
trusted aide, had tested positive for the coronavirus earlier on
Thursday. A chaotic face-off between Trump and Democratic rival Joe
Biden earlier this week during the first presidential debate put
stocks and other assets normally perceived as higher risk under
pressure as Trump cast doubt on whether he would accept the
election outcome if he lost. "At this stage, it is too early to tell yet how this may
affect the election outcome. Markets have sold off in a knee
jerk reaction to the news, which is understandable," said Khoon
Goh, head of Asia research at ANZ in Singapore.

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